Long
NOG is ready to turn...
The exchange builds a wave sequence on the two extreme MA (50,200) axes. Currently moving in a so-called "spike area" In the event that a decline in this area stops or a reverse spike is formed, this may be a strong signal for turning north. It is advisable to wait for these two movements. If (when down) locks out of the spike area, a further decrease is expected. Otherwise, it's a great place to take a long position. The primary target price remains 2.71usd
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.