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Nosana

Nosana - it is about to move up. Nosana has been struggling to go above $4.45 area since Oct 2024.  There is a large sell block sitting above it.   However. MACD and RSI in the daily chart are entering the bull zone and the weekly stochastic has crossed and is rolling back up entering the bull zone.   The price still needs to go above the previous week high and the previous month high, but I think the price will soon break to the upside if weekly stochastic remains to move upwards.   One note: Stochastic in the daily chart is in the overbought territory, so the price is likely to get pushed down once more when it reaches where the sell block is sitting above.  
by EbonyFalcon
NOSUSDT 4H: Ascending Triangle Breakout with Cup FormationNosana (NOS) has established a strong ascending trendline dating back to its earlier price action, demonstrating consistent higher lows. What's particularly interesting is the recent price action forming what appears to be a Inverse Head & shoulders pattern (marked by the blue curved line) right along the support of the ascending trendline while being in bigger Cup&Handle pattern (marked by yellow). Key Technical Observations: The current setup shows multiple bullish signals working in harmony: The ascending trendline has served as reliable dynamic support with multiple confirmations The cup formation suggests accumulation, with price now attempting to complete the pattern The recent consolidation near the trendline indicates strong buying pressure at support levels Price Targets: The initial target based on the chart pattern projects to around 4.39, with potential for extension to 7.30 if momentum maintains. These targets align with the overall trend structure and previous resistance levels. Trading Strategy Considerations: Entry opportunities present themselves on either a bounce from the ascending trendline or a confirmed breakout above the cup formation. The ascending nature of support provides clear invalidation levels for risk management. Risk Management: Place stops below the ascending trendline, as a break below would invalidate the bullish setup.
Long
by Achilly