nCash/BTC – A sleeping giant about to wake up
Nucleus Vision is building an IOT Based retail ecosystem using blockchain as an authentication layer. Their token, nCash, looks like it is gearing up for something big. The team is actively working on partnerships and regularly adding new partners every month.
Fundamentals
- Partnership with India’s largest retail chain Future group
- Partnership with India’s largest departmental chain Shoppers Stop
- New partnerships/Deployment by end of the june.
Technical Analysis
Chart:
https://www.tradingview.com/chart/NCASHBTC/095Bbs6x-Can-NCASH-continue-with-its-bounce/
Let’s just proceed by looking at the chart.
On the chart, you can see that nCash was launched to the first exchange at 2/27/2018 and since then it saw its all-time low at 220 being really oversold and followed by strong breakout (146%).
This time the cryptocurrency has fallen at the level of 221 and bounced at this level which has formed a double bottom in RSI and even in price.
What needs nCash to remain in an uptrend and continue with this bounce?
Break EMA .
Break Downtrend line.
Break 40 RSI level and found support at this level.
Buy Zone:
220-250
Sell Targets:
300-350-400
Time:
up to 30 days
Note: This is not a Financial advise, do your own research before investing in.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
