NCash VS Bitcoin Strong Uptrend

Viktor Karapetjanc Crypto Post

The Nucleus Vision Token has been showing some great performance over the Bitcoin. Price went up from 220 up to 543 satoshis, gaining nearly 150% profit. On a corrective wave down NCASH/BTC went down to 312 satoshis and from today started to gain value once again.

Price broke above the descending channel and now found the support at the previous resistance as well as 50% Fibonacci retracement, that is 381 satoshis. The price does look attractive as the probability of the uptrend continuation remains high.

The nearest resistance is seen at 161.8% Fibonacci retracement that could boost the price up another 75%. Break above the 686 satoshis level might trigger a much stronger move upwards, while rejection should result in a strong correction or consolidation.

Author

Viktor Karapetjanc

Crypto Post

Viktor is a Chief Editor, veteran currency trader. He started his trading career in 2001 when he began to study Forex and Binary options trading techniques. Not long after he became a trading systems engineer and algorithmic trading guru.

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