NuCypher just had a Bullish Stochastic RSI cross! BULLISH!
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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.