Nucleus Cash (NCASHBTC) closed above 12 satoshis on the daily time-frame for the first time since the 4th of August... Let's take a look:
Check the green zone on the chart above. We can see that NCASHBTC traded within this zone for 17 days on basically zero volume. Yesterday it broke it free and closed at 13 satoshis.
EMA10 our main indicator for bearish vs bullish potential. NCASH is now trading above EMA10, it required no effort/volume to break this level. I call this a "passive" break above EMA10.
We are looking at really, really low 24H volume on Binance, right now sitting at around 7BTC. This is indicative of a low being hit.
While sitting at its lowest low, the RSI is already bullish moving past 50.
Additional signals are pointing to upcoming bullish action:
Altcoins bottomed out and starting to go green.
Bitcoin retracing and losing momentum.
Summer over, people will be looking to make money when they get back from vacations.
Patience is key... We have been more than patient, it is time to win.
Thanks a lot for reading.
Namaste.
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