We can take a look at the indicators and know that it's an automatic buy.
- RSI is upticked and nowhere near overbought levels
- The is just about to cross over, and the angling of the signal line and line shows it has strong momentum.
- OBV is positive: this means there are more of it being bought than sold, which means there's a strong demand for it!
It also appears to have formed a double three, which is related to the Theory. Two different waves are connected by WXY and the price action is usually a bit sideways; it ends with a kickoff.
>Month long converging into a double three with indicators looking good. Hard recommend
Stop loss: because we are at the precipice of a breakout, it can breakout downward. Risk it for the biscuit. Set a tight stop loss but don't forget the risk to reward is tiny here.
At the moment, it looks like BTCUSD is still following its own price action line, but I am still trying to figure out why such a small run up caused alts to bleed so hard.
Neblio has entered an alternate reality ascending price channel, highlighted in gray. It's still holding at a safe retracement level, so like CincyONU said, NEBL is still a strong coin. Although we are now under the POC, meaning there may be resistance to return to a higher level, it is actually quite surprising to see the value area to be so closely related to NEBL's current value as it has saw an extreme jump in price so recently.
BTC - 36GUCF9CAzrtgkXs199NELscFcc8bnchE1
XRP - rf5rHXUAgdUh3YbgaqeW8VWfoRwnTXNN48