I really like to day trade ncash for a couple of reasons.
- It's exclusive for binance, which makes it a bit slower and easier to time.
- Satoshi value low and gains easier.
- It's a young project with no previous highs to really get past.
At the moment I believe we are in a good spot for entry. As seen in the picture below (12h chart) we pretty much follow the fib retracement from the inital price (which would be our all time high at 1000 sat), with 404 sat being an important resistance at 0.236.
RSI fins support at 41 and mac d ticking upwards.
Looking at the bigger picture we should have a 3rd leg up left with target sell zone 610 -615 sat, where 1on1 extension and 0.5 fib retracement lies from initial price.
NCASH is perfect for daytrading since its often very true to the TA and we could gradually put targets along the way for sell-out and re-buy,
Target 1: 510
Target 2: 535-545
Target 2: 570-575
EDIT: Entry. Descending triangle tri bottom.
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