Nexo
Possible breakout Nexo/UsdtWith Bitcoin recovering, Nexo wants to escape the parallel channel.
See the chart for the trade idea and the horizontal lines as resistance levels.
Keep risk managament in mind.
Nexo and EMAs to watch$nexo #nexo stuck at 200EMA on H4. Found support at the 50 EMA after it had been acting as resistance.
Want to break through 200 EMA and not lose the 50 EMA otherwise retest of local lows in sights.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
NEXO Inflection pointsThe change in momentum are the moments to watch out.
Use technical indicators such as RSI indicators.
No financial advice.
NEXO history: long term overview against BTCNEXO:
1. oscillator against BTC
2. RSI breakout important to signal phase change
3. some support with the support bands
Analyse also against other crypto coins.
No financial advice.
Nexo ATH SoonNexo is one of my biggest Alt bags. I believe in this company long term, and I am seeing a nice long trade set up here so I thought I would share.
EMA ribbon and both Super Trends flipped bullish on H12. RSI and OBV both in up trend.
Short term, I see a move to 2.91 very likely after rounding out a bottom and breaking 2.53 horizontal resistance level and retesting. Close above 2.68 on H12 would confirm strong move up.
Within next 2 weeks, 3.05 to golden pocket.
By EOM, 3.43 would be next.
Once NEXO closes above 3.43, I will be looking for a long play to 4.82 as the next power move up.
1st PT - 2.91
2nd PT - 3.05
3rd PT - 3.34
Long term PT - 4.82
MATIC $3 TargetWith a bullish inverse head and shoulders pattern despite the recent market events, I'm expecting MATIC to get to $3 in the next quarter. Also, Nexo is offering up to 20% interest on MATIC, so I bought today.
3 Things to Watch before Calling a NEXO BottomNEXO has been pulling back after it reached a 6-month high, but for the bulls to gain control of the market again, you need to watch for these 3 things:
1. Wait for the Stochastic RSI indicator to bounce from oversold readings.
2. The price needs to stay above the 200-day simple moving average.
3. The RSI needs to cross above the mid-level 50.
200-Day Simple Moving Average
NEXO’s price needs to stay above the 200-day simple moving average. The 200-day SMA also aligns perfectly with the big round number of $2.00, which provides more confluence.
RSI Oscillator
Another factor to consider before calling a bottom is to wait for the RSI to cross above the mid-level 50. A crossing above the 50 level would signal the return of bullish momentum and subsequently the end of the pullback.
Stochastic RSI Indicator
Lastly, traders need to wait for the stochastic RSI crossover before calling a bottom; the fast stochastic needs to cross above the slow stochastic. Additionally, it’s better to wait for the stochastic RSI to bounce up from oversold readings. This will ensure again that NEXO is ready to climb higher.
NEXO: next 3-4 months.Check the nice Schiff channel on this one.
Great platform/app, great interests, great credit line.
I dont think this one will fail long term tbh.
Its seems to be acumulating now.
Hopefully, preparing for higher flights.
NEXOUSDT Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON STRENGTH OF THAT LEVEL.
ENTRY PRICE BLACK COLOR
MOST PROBABLE SCENARIOS TARGETS GREEN COLOR
LEAST PROBABLE SCENARIOS TARGETS RED COLOR
TARGETS ARE NOT EXACT NUMBERS THEY ARE MORE LIKE A ZONE.
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
NEXO waiting to break out#NEXOUSDT
NEXO is an ERC-20 token that’s traded as a “restricted security” per the SEC registration exemption filed by Nexo.
Nexo repayments can be made in fiat or crypto currencies. If NEXO is used to repay the loan, a 50 percent interest rate discount is gained.
Holding NEXO entitles you to higher loan limits and a 30-percent Nexo profit-share payment.
$NEXO broke out from long term descending resistance, and now is struggling to break another resistance zone, this break can increase the price to #3.2 and even $4 (80% -150%)
NexoUsdt long If bitcoin remains sideways, I expect a bullish wave on nexo with the first target shown on the chart.
To go further, we need the market to be in good mood; it might be the case if the bold trendline breaks as well.
Good luck.
NEXO Primed to explodeHere are the next few targets for $NEXO.
This is not only based on technicals but this is the governance token for a VERY solid defi platform with great interest rates, no staking required.
Technically you can't beat it, right at the edge of the channel, just recovered from a double bottom and forming a sym tri consolidation. This looks prime to explode to the channel midline, although the prior high may provide some resistance.
This is invalidated if we leave the channel.
NEXO ana;uzeAs you can see, according to the chart above, this digital currency has been able to successfully cross its 40-day uptrend channel and is currently stabilizing above 1.45 cents.
Therefore, we expect that due to the positive fundamental and growth (70%), this currency has experienced short-term goals up to the targets shown in the image, if you intend to enter, it is recommended that you enter above the range of 1.50.
CryptoMarket Update (#22) : My Plans for 2021 on BTC & AltsHope this idea will inspire some of you !
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
Nexo coming out of massive accumulation periodNexo could do what Celsius did. For now Nexo isn't listed on many exchanges but it could easily get some more at some point. Not comparing the quality of the platforms, but the potential of the token give how the chart looks like. Currently very strong and ready for a pump.
NEXO - Whats possible in may?Hey fellow Nexonians
I`m back with another Nexo markup after the last one played out great so far! Its really nice to see how Nexo succeed the last few weeks, i`m really happy that we managed to break the last big resistance without any big announcements and we also managed to surive the big BTC dip better than mpost of the ALTs, thats a great sign for Nexos future and it really shows the strength of the project.
The next bigger resistance is around 3.80$. We also had a double top there and went down to the support at 2.80$ but recovered pretty fast, which also is a very strong sign. The announcements in the next weeks will lead the price of Nexo because of that its really hard to say where and when we will go at diffrent price levels.
So for that i made 3 possibilities:
Bullish scenario 1 (green path line):
We will break the resistance (blue line) at the first attempt and going directly to the upper trend line (white), after that we might see a retest to our last support (resistance before) at around 3.80$. If that holds we could break the upper trendline, retest it and going to 5$ or more.
Bullish scenario 2:
We will not break the resistance at the first attempt and going back to the bottom trend line (white), if that hold we trying the next move to break the resistance and when we broke it we will adjust to the green line like in bullish scenario 1.
Bearish scenario:
I don`t like it either but we have to consider this scenario. Besides the double top which is bearish we also have a bearish divergence which is not good, maybe we can ignore it because we have a really big bullish attitude but if the case will be a bearish movement i think we could break the bottom trend line going back to the support at around 2.80$, retest the bottom trendline and if we dont break that again i think we go down to the resistance at around 1.80$.
Like i said the next announcemts will have a big impact on the chart and could lead to a parabolic breakout so maybe none of this scenarios will happen and we just go up or down, which is very unlikely IMO. Also the bearish scenario is unlikely becsause of the movements we had before on this way up and IMO we are still in a bulltrend so i don`t think that will really happen, but we still have to consider it!
Please tell me your scenario of this markup or some other ideas that could happen.
If you have some question just ask and check out my other Nexo markups which one of them is still running.
Classic... It's a snake in the GRASS pattern. NEXO:NEX strikes!Lying dormant in wait, She rears her symmetrical triangle head and strikes...... It's the classic snake in the grass pattern.... putting fear in the hearts of the evil short sellers everywhere..... NEX wrecks down your walls and you fall madly in love with her... That is until the next hot Crypto comes along.
NEXO: Strong Breakout Through a Crucial Level ATM at $4 EOMNexo has been on an absolute tear from the Fall of 2020 and the momentum looks to only be picking up. A major breakthrough at the 0.618 Fibonacci level followed by a strong ~20% pump into a new ATH indicates a continuous push well into the 1.618 and 2.618 fib levels. $4 and $5 are major levels to watch out for and keep in mind for possible profit taking opportunities.
💡Don't miss the great buy opportunity in NEXOUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (3.0210).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
.NEXOUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 3.5600
TP2= @ 3.8000
TP3= @ 4.0000
TP4= @ 4.3500
TP5= @ 4.9000
SL= Break below S2
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💡Don't miss the great buy opportunity in NEXOUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (3.0210).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
.NEXOUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 3.5600
TP2= @ 3.8000
TP3= @ 4.0000
TP4= @ 4.3500
TP5= @ 4.9000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
NEXO- Ready for BIG Candles?NEXO finally broke the BIG 2$ resistance and it seems like we found support around 1.80$, but now the 2$ level isn`t a big resistance anymore. I guess next Week we will see some BIG candles on the 1D Chart. NEXO wasn`t affectet hard by the BTC price till this week. Now NEXO is affected by BTC much more than befor.
At the moment it is hard to tell if it will break trough 2.80$ from here, it depends on the moving of BTC, if BTC continue the dip i think NEXO will fall to .80 maybe we will find a support around 1.20 if we are lucky.
If BTC goes UP toward a new high it will be possible for Nexo to Breakout and mark a new ATH before BTC. Up to 5$ if we are lucky. Around there will be the next big restistance that i see.
Wait for retest/confirmation in the support/resistance zones on smaller timeframes like 1-4H Chart.
Worst case scenario will be if we have a much bigger dip then now or Nexo will have very bad reputation from somewhere. If thats the case i think it is possible to go back to .25.
We have to remeber that the next weeks announcements from NEXO it self will affect the price but also the things that dont work or stopped working will affect the price.
So be careful and be ready to go back in or load up some more.
PS. sorry for my rusty english xD
