FX_Academy

Nuls (NULS/BTC) in a falling wedge

BINANCE:NULSBTC   Nuls / Bitcoin
After a breakout from the prior triangle, Nuls surged in price. After an impulse wave, the price has been in a falling wedge pattern correcting in a what is likely going to be a WXYXZ complex correction. We can currently see the breakout of the unconfirmed support to the wedge support line which would be a completion of the Y wave. I am expecting the price to bounce back to the resistance line which would be a wave X and then another drop to the 0.5 Fibonacci retracement level of the prior range. This would all be in my mind an A wave from a likely ABCDE correction in a larger triangle pattern, as this happened in the past.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.