RATE Group | Trade Recommendation: Nuls/Bitcoin | Hacked: Hacking Finance
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Trade Recommendation: Nuls/Bitcoin | Hacked: Hacking Finance

29 Apr Trade Recommendation: Nuls/Bitcoin | Hacked: Hacking Finance

Posted at 17:01h in Bitcoin News by

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The Nuls/Bitcoin pair (NULS/BTC) started its bull run on December 30, 2017 when it took out resistance of 0.00015. This triggered the large rounding bottom reversal pattern on the daily chart. The pair immediately became parabolic as it skyrocketed to as high as 0.0005899 on January 10, 2018. In less than two weeks, NULS/BTC grew by over 293%.

At this point, the market was in extreme overbought territory. Breakout players and trend followers exploited the opportunity to take profits. The pair plunged to 0.0002914 on January 16 before bottom pickers entered the picture and bought the dip. The renewed buying activity pushed NULS/BTC to 0.00053877 on January 18.

Unfortunately for buyers at this level, the bulls were out of steam. With a lower high in place, the market went into a downward spiral that sent it to as low as 0.00013 on February 6. The pair then range traded between 0.00025 – 0.00040 until yesterday, April 28, when bulls decided to step it up.

Technical…

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