NGL Update 1.1 (The Underdog Taking Over)

25 พ.ค.

After the recent fall from NGL we've been bouncing around our support at 0.52455 which could indicate a possible bottom.

Volume is falling too while BTC is holding its ground. As volume falls from NGL while the price moves up could possible mean and indecision from retailers waiting for some news.

RSI has been holding above 50 for 2 consecutive days which may indicate that buyers are slowly stepping in and taking control over bears.

At this time we have 3 scenarios:

Blue line
A move above our 4H Strong High while a retest of its new base will may start a new uptrend and a possible bottom will be in. The next challenge here will be our resistance while we'll be looking for a LH to see our uptrend continue to our first target at $0.8.

Green line
This will indicate a move above our 4H Strong High but a sideways movement between our Strong High and Resistance may occur for while. If we manage to stay there with some healthy 4H or daily candles then this will get the fuel going and start our uptrend to $0.8

Red line
Following the red line this will be a healthy pullback and maybe set our coming leg in for a LH before we're moving our way up to $0.8

In the long term I see a bright future for Entangle and as for now... an underdog in the market of gains...

Take care🔮

27 พ.ค.

ความคิดเห็น

edit:

The text says "when we make a LH"
it meant to say "HL"

28 พ.ค.

ความคิดเห็น

The road to $0.8 has begun!

3 days ago I gave you 3 different scenarios and therefore the 3rd scenario came true (Red Line from the first update)

We got our pullback with a HL squeezing everyone who longed too early

But what will be the main thing now? As of my newest update you can see we got 3 new possible scenarios where the blue dotted line showing what came true from our last update

There's 3 possible scenarios:

White Line:
A pullback to to the newly broken resistance and flipping it as support will give the fuel to $0.8 and above if we see some healthy 4H candles.

Green Line:
This could be a sideways range for a little while which is normal after such a quick move to the upside, making a base between our new support and the FVG will may offer another upside move to $0.8 and above if we see some consolidation.

Red Line:
Nothing is guaranteed and so is the quick move we just had, therefore there could be a possibility of another downside move to retest our main support which could lead to a HL before we start to get moving again.

Let this beast to its thing... We know where this golden nugget is heading too🔮