NXS update: Bearish scenario
NXS has taken a a pretty bearish turn in my opinion. What was once RSI support appears to now be resistance. It failed the descending broadening wedge and will seems like it wants to fail out of the support zone. I see it possible retracing to the next green box in the 20k-22k range. If drops a lot lower it faces a massive double top that could push it to a new low since birth on the exchange. Of course, we could just be fueling for a massive bounce as well.
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