NXS will retrace to the fib level jsut before bottom trend line. and then hit 14000
$NXS on a descending channel, currently showing some action to the upside after a falling wedge breakout & ~736sats support held. RSI & MACD rising, UCTS showing a buy on the daily... Volume MIA. On March end a satellite event from #NXS as potential trigger. Set alerts!
Take a look at Nexus, the chart doesn't look bullish in any way, shape or form. In fact, it looks bearish as it is moving down and trading below resistance (EMA10). So, why am I sharing this trade? Because of what comes next... Let's get started: NXSBTC just completed a retrace after its last bullish wave or is about to complete it. By the time this retrace...
NXS went to bottom of this inside pitchfork, also the 0.236 fib, it could go to test this fib again and wick to stop-loss of this "long position" tool (R:R) - all on BTC. We should move toward the top of pitchfork once cross this resistances.
NXS chart looks like in a long term accumulation phase for 2 months. And it can end very soon. if it break accumulation channel it can go to the moon. Note that BTC price is very important and if it goes to dips NXS can go down too. Not a trade advice.
Make sure to read the comments in chart
Technical analysis: . Nexus/Bitcoin is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00009200 to 0.00008100). if so, traders can set orders based on Price...
The NXSBTC chart is starting to look beautiful for a long term trade... We are about to complete a cycle. We have a high volume inverted hammer candlestick. The RSI shows massively oversold. Bullish divergence on the MACD. 100% of gains removed from last bull run. 1-2 months for massive bullish action. 1200%+ Profits Potential (PP) to All Time...