SUMMARY
Nebulas (NAS/BTC) is a relatively new coin but already, patterns speak a thousands words towards the likely directional trend. The below chart shows price moving well within the boundaries of contracting lines of a symmetrical triangle. Price is very proximal to the apex (the point at which the lines interesect). What does this mean? The closer price is to the apex, the more imminent the resolution and I believe it's to the upside.
The contracting blue lines for the MACD is quite bullish. Does this look like a crash scenario? The arrows provide a general direction of price direction. Given these patterns and indicator signals; would you be an active SELLER or a BUYER of NAS/BTC? Such must be self made decisions but I do hope my analysis helps to augment your due diligence.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--
