NU Long Position

Hi traders,

Turning our attention to Nu Holdings Ltd. (NU), we can observe the formation of an ascending triangle pattern over the past few weeks, indicating a potential bullish breakout.

Nu Holdings, a prominent digital banking platform in Latin America, has been experiencing significant growth in its user base and market presence. The company's innovative approach to financial services and strong market position make it a key player in the fintech industry.

The ascending triangle pattern is characterized by a horizontal resistance level and an upward-sloping support line. This pattern typically indicates that the price is likely to break out above the resistance level after a period of consolidation. The series of higher lows demonstrates increasing buying pressure, suggesting that the bulls are gaining control.

As NU approaches the resistance level of the ascending triangle, a breakout above this level could confirm the bullish continuation. Entering a long position upon confirmation of the breakout appears reasonable.

Take Profit: 14.61
Final Target: 16.64