NAUFF continues to maintain a constructive bullish structure across multiple timeframes, and the current correction appears to be bringing price into a particularly important support cluster.🎯
While
NAUFF continues advancing its Limousine Butte Gold-Antimony Project in Nevada, one of the company's flagship assets, the chart itself is once again presenting an interesting trend-following setup.📊
Currently, price is hovering around the intersection of three major technical factors:
1️⃣ The previous major low, marked in red, acting as a key structure support.
2️⃣ The lower bound of the rising blue channel, acting as a strong non-horizontal support.
3️⃣ The 100 EMA, which continues to act as a dynamic support within the broader uptrend.
📌 When multiple support factors align at the same location, these zones often become important decision points for the market.
As long as this intersection continues to hold, the bullish bias remains intact and we will be looking for trend-following long setups.🐂
💡There is also an interesting momentum signal developing in the RSI.
Previously, when RSI reached oversold territory and then crossed back above its signal line, NAUFF launched a bullish impulse that resulted in a rally of more than 160%.📈
Today, RSI has once again reached oversold conditions, and another bullish crossover appears to be developing.
If confirmed, it could signal the beginning of a fresh bullish impulse, similar to the one that preceded the previous major rally.⚡
🎯 In such a scenario, our first target remains the upper bound of the rising channel.
Beyond that, additional upside may become possible if momentum continues building and buyers regain control of the trend.
📌 Another interesting factor supporting the bullish structure is that NevGold recently identified extremely high-grade antimony mineralization within the historical Pre-Strip Dump area, including multiple double-digit antimony samples reaching as high as 53.7% Sb.📊
What makes this particularly interesting is that the mineralization sits at surface near historical World War II-era antimony mining zones, while the company simultaneously advances toward what could become the first modern Gold-Antimony Mineral Resource Estimate (MRE) completed at Limousine Butte.⛏️
This ongoing transition from exploration narrative into resource-definition progress continues to align well with the strong bullish momentum currently reflected on the chart.⚠️
In brief,
NAUFF remains technically constructive, and the current support cluster could become the foundation for the next bullish impulse if buyers continue defending the area.📈
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
All Strategies Are Good; If Managed Properly!
~Richard Nasr
While
NAUFF continues advancing its Limousine Butte Gold-Antimony Project in Nevada, one of the company's flagship assets, the chart itself is once again presenting an interesting trend-following setup.📊Currently, price is hovering around the intersection of three major technical factors:
1️⃣ The previous major low, marked in red, acting as a key structure support.
2️⃣ The lower bound of the rising blue channel, acting as a strong non-horizontal support.
3️⃣ The 100 EMA, which continues to act as a dynamic support within the broader uptrend.
📌 When multiple support factors align at the same location, these zones often become important decision points for the market.
As long as this intersection continues to hold, the bullish bias remains intact and we will be looking for trend-following long setups.🐂
💡There is also an interesting momentum signal developing in the RSI.
Previously, when RSI reached oversold territory and then crossed back above its signal line, NAUFF launched a bullish impulse that resulted in a rally of more than 160%.📈
Today, RSI has once again reached oversold conditions, and another bullish crossover appears to be developing.
If confirmed, it could signal the beginning of a fresh bullish impulse, similar to the one that preceded the previous major rally.⚡
🎯 In such a scenario, our first target remains the upper bound of the rising channel.
Beyond that, additional upside may become possible if momentum continues building and buyers regain control of the trend.
📌 Another interesting factor supporting the bullish structure is that NevGold recently identified extremely high-grade antimony mineralization within the historical Pre-Strip Dump area, including multiple double-digit antimony samples reaching as high as 53.7% Sb.📊
What makes this particularly interesting is that the mineralization sits at surface near historical World War II-era antimony mining zones, while the company simultaneously advances toward what could become the first modern Gold-Antimony Mineral Resource Estimate (MRE) completed at Limousine Butte.⛏️
This ongoing transition from exploration narrative into resource-definition progress continues to align well with the strong bullish momentum currently reflected on the chart.⚠️
In brief,
NAUFF remains technically constructive, and the current support cluster could become the foundation for the next bullish impulse if buyers continue defending the area.📈
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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Join RichTL - Rule-Based Technical Analysis
RichTL.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
RichTL.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.