NXT is currently consolidating after making a large move upwards. I believe there is more room to go. An entry signal would be the close of a 4 hour candlestick above 1600.
The next resistance after 1600 is 1800. Here is my daily chart to support that comment.
EXIT SIGNALS:
Could sell at the break of the equilibrium pattern support
OR
Sell at break of key support level.
ENTRY SIGNALS:
Enter at break of 1600 resistance
OR
Enter at break of 1800 resistance.
Alternatively, you could enter now and potential grab even higher % gains - however, much riskier imo
DISCLAIMER:
This is just my opinion so take my advice at your own risk! Good luck and happy trading everyone :]
The next resistance after 1600 is 1800. Here is my daily chart to support that comment.
EXIT SIGNALS:
Could sell at the break of the equilibrium pattern support
OR
Sell at break of key support level.
ENTRY SIGNALS:
Enter at break of 1600 resistance
OR
Enter at break of 1800 resistance.
Alternatively, you could enter now and potential grab even higher % gains - however, much riskier imo
DISCLAIMER:
This is just my opinion so take my advice at your own risk! Good luck and happy trading everyone :]
Note
Just made a trade on the 1 hour time frame on the break of previous resistance and sold at 1800 key resistance.I am expecting consolidation between 1600-1800 range.
Will look for re-entry at break of 1800 key resistance or bull reversal candlestick support at 1600.
My HR chart:
Note
I've just learned that NXT will be airdropping 0.5 IGNIS for every NXT you hold around 12/25.Personally, I'm not sure how to obtain your IGNIS if you hold NXT; however, it's something to look out for if you're HODL'in
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.
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.