$NXS - Nexus Daily Chart Bittrex
Nexus has been on a good rin and finally broke through the 20, 50 and 200 period moving averages. The 20 and 50 periods are still below the 200 though but a cross of the 20 day may happen. I have been waiting for a correction to look for possible entry and we may have it soon. Right now we have a large momentum drop and a lot of selling going on which is normal after such a bullish run. What i want to see though is support at the 200 period moving average and a crossover of the 20 period. MACD is trending down though and i fear this coin may crash though if the 20 period crosses thats two good areas of support. Once we test this line and see a positive move, an entry may be viable. We will wait and see if we find this support first then I will look for the next move.
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