Nexo Fighting Resistance
Nexo Working it's way throug resistance being supported by current upward trendline. Looking for some positive news/releases, and hoping that the final dividend distribution taking place tomm (voting is a landslide for interest in lieu of dividends) wont crash the price back down with a massive dividend selloff.
Nexo stated that dividend distribution comes from open market acquisitions, but would find this hard to believe considering they would be issuing an instant distribution of 20+million in tokens which would major spike the price if the acquire all at once where years past they accumulate bags for distribution over time. I'm still bullish on NEXO longterm so lets hope all those CEL fans like the copycat model that NEXO will be moving to and the price has the same affect in increase and in stability with BTC drops.
Nexo stated that dividend distribution comes from open market acquisitions, but would find this hard to believe considering they would be issuing an instant distribution of 20+million in tokens which would major spike the price if the acquire all at once where years past they accumulate bags for distribution over time. I'm still bullish on NEXO longterm so lets hope all those CEL fans like the copycat model that NEXO will be moving to and the price has the same affect in increase and in stability with BTC drops.
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.