An Ascending Channel indicates a bullish trend with the support line connecting consecutive higher lows and the resistance line connecting consecutive higher highs.
In a bull market, every dip is a buying opportunity. Not financial advice, but if we follow the past trends, we can see a $2-3 NuCypher this year with a MAJOR correction and consolidation to the downside once hitting the resistance trend line again and maybe breaking it..!
Bullish factors:
1. Just had a Stochastic RSI cross
2. Historic low on the RSI meaning heavily oversold
3. Bounced off the Ascending Channel support creating a strong support line!
Will be selling between $2-3 to move it back to Ethereum for Staking!
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet.
In a bull market, every dip is a buying opportunity. Not financial advice, but if we follow the past trends, we can see a $2-3 NuCypher this year with a MAJOR correction and consolidation to the downside once hitting the resistance trend line again and maybe breaking it..!
Bullish factors:
1. Just had a Stochastic RSI cross
2. Historic low on the RSI meaning heavily oversold
3. Bounced off the Ascending Channel support creating a strong support line!
Will be selling between $2-3 to move it back to Ethereum for Staking!
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Be fearful when others are greedy and greedy when others are fearful." - Warren Buffet.