NXT / BitcoinUpdated NXT updates
NXT broke its short term upper trend line and raced off towards the longer term fib just exceeding 38% and touching the Ichimoku cloud.
At this point it has performed a double top and is now retracing as expected, having just passed the short term fib 23% mark, and heading towards the bottom of the Bollinger bands.
Watch whether it bounces on the short term 38% fib at around 3000, or for a greater retrace to the longer term 23% fib at 2580. Short term RSI is heading towards oversold so the former may be more likely.
When it bounces is a good buy point, set your stop loss. There is support at 2200 or on the trendline at 1900.
At this point it has performed a double top and is now retracing as expected, having just passed the short term fib 23% mark, and heading towards the bottom of the Bollinger bands.
Watch whether it bounces on the short term 38% fib at around 3000, or for a greater retrace to the longer term 23% fib at 2580. Short term RSI is heading towards oversold so the former may be more likely.
When it bounces is a good buy point, set your stop loss. There is support at 2200 or on the trendline at 1900.
Note
Some crazy things occurring with the scale of this chart so I've made a new publication for the update.
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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.
Come say hi @elisa_crypto on twitter!
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.