https://preview.redd.it/cbln8a7u9zug1.png?width=1895&format=png&auto=webp&s=e300793b0bb980d9e97e071edf1490c91429ba67
Been watching NBIS for a while and the chart keeps improving.
The inverse H&S measured move around 145 has basically been reached, and with the recent breakout above the long-term downtrend line the bigger picture is starting to look pretty interesting.
What stands out to me now is that if this keeps developing well, the broader structure between the 70s and current highs could eventually turn into a much larger cup and handle setup. Still way too early to call it that officially, but the framework is there.
Personally I wouldn’t expect it to just go vertical from here though. If this is going to play out in a healthy way, I’d rather see it spend some time consolidating, maybe pull back / retest after a handle forms, and then see if buyers defend higher levels.
Only thing missing for me right now is volume. Price action looks strong, but volume still isn’t showing the kind of expansion I’d like to see on a major breakout.
Definitely one worth keeping on watch.