Nucleus Vision (NCash): Higher Highs Mean Profit Taking

in #ncash7 years ago

SUMMARY

Nucleus Vision (NCash/BTC) is a new ICO and as usual, it made its debut crash. I've consistently recommended for this debut crash to first pass before investing in ICOs. The red ABC waves completed short after ICO and price climbed in five waves. Since then, a symmetrical triangle pattern has been completed from which price has broken out and thus higher highs have been placed.

The symmmetrical triangle completed its requisite abcde waves and the breakout is showing that potential waves 1 and 2 of an impulse move could have completed with 3 in progress (blue waves). Overall, I believe the whole process is still corrective and the rise happening now is not necessarily a new all time high action. Why? The correction was just too quick for an altcoin. Remember, altcoins don't know how to do a correction. So, when presented with good profits....take them!

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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good info

Great TA, as usual. NCash is a very interesting project. I urge all investors to check out their fundamentals, not just TA. Investors should start here: https://nucleus.vision

Great way to breakdown TA for traders optimistic about NCASH.

Thanks for the information haejin

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Elliott is great!
would you say that Dow Jones is in wave 5 ?

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