In our last update we showed that $NBIS was pulling back for an ABC correction.
We can see now that the price action needed the very last Fib level to hold support at $18, since then the price has jumped to $25.
Big test now will be the 0.618 Fib at $28, where the 50 Day MA is right now, a flip of this level to support and this is looking good as a reversal signal.
Next target would then be the 200 Day MA moving to $37.
Tn7246
2025-05-08 18:19:24 +0000 UTC