The Nucleus Vision is a very “fresh” coin, which doesn’t have much historical data, but as all new coins potentially providing a great investment opportunity while trading at low prices. NCASH/BTC has found the bottom at 220 satoshis, that is an extremely attractive price, considering that the project itself is very unique.
Today NucleusVision broke above the 2/1 Gann Fan trendline as well as the resistance at 300 satoshis. On a corrective wave back, NCASH went down to 300 satoshis again and rejected it. Current price action suggests that the bottom could have been reached, that could be followed by an exponential growth.
It is very often a coin growth by 10 times on average, which now seems to become a statistical value. If these statistics are applied to Nucleus Vision, the potential upside target could be as much as 2200 satoshis. This price corresponds to the 1227.2% Fibonacci retracement level applied to the last corrective wave down.
On a downside, break and close below 220 satoshis should invalidate short-term bullish outlook and extend the consolidation.