$NU targets $.98 - $1.04 by September

2021年7月27日

I'm updating my last analysis from a more bullish view to a less bullish view on NU, changing the original target of $3 in September to a more conservative target of $1.04.

The reason is because the market overall looks to be in a corrective structure rather than an impulsive one.

So I think the more likely scenario is that we form a double top (or bearish bat pattern) at a little over a dollar and that sets us up for a larger correction where we correct until March 2022.

This would better coincide with my view that BTC makes a lower high on this bounce, and then falls further down to $10k around March 2022

I'm keeping the same time period as my original analysis-- what's different is I don't think we'll make a new high on this attempt. If this were to play out, I think many people would think this is just the first leg of an impulsive move and we'll continue higher, but be careful if we don't break $1.14 on the way up, as that would set us up for a larger correction than the one we just had (likely finding a bottom somewhere around $.07 in March/April of next year). If we break $1.14, then I will create another analysis with new price targets.

Key pivot dates and resistance levels on the chart. $.67 is the key bull/bear level at the 50% retracement line.

2021年9月8日

ノート

There's a chance that the 20th could be the pivot that sends NU higher instead of it being the top. If that was the case, the top should come around the second week of October. Still too early to tell but let's see how it plays out.

There is also a chance that price goes to $3 instead of $1. The signal will be a break of $1.14. It will need to break resistance at $2.09 for it to set up $3.

I'll continue to update this over the coming weeks as price action develops.

2021年9月15日

ノート

Updated analysis here: