NU/USD - Price in apex, expect breakout soon

NU is reaching the end of the current formation with the price in the blue apex about to break out by the end of the month.

Likely we will visit $0.18 cents before we push higher. Once we pass the diagonal resistance we should be clear for higher levels. First target is around $0.21 cents then .25. Long term NU can get back to $0.35. A possible path is highlighted by the green arrow.

MACD has also crossed on the positive side, which is bullish, but momentum seems to be lacking. We need a bit more volume to confirm a breakout, likely to come once we move against the resistance.

Good to have this on your watch list.

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