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Nexo

Bullish NEXO Nexo is a great platform backed up by Bitgo security and Loyds Bank warranty. Great interest rates in their platform. Looked closely to it, even in terms of support in real time, transfers between revolut and banks are very easy to do especcially if you´re from Europe. I am really impressed with it, must confess. Nexo coin hodling system seems to be perfectly oiled for people to hodl everything there including euros which can have interests up to 12% if you decide to receive interest in NEXO. Or just 10% in euros. To have this high rates you need to be Platinium and have least 10% of NEXO in your portfolio. Loans are very easy to request. Loan payments is peace of cake too with diferent type of forms. You can also use your cripto as collateral damage of your loan. So i am long for this coin and amazing platform. So far. Lets see how it goes.
NLong
by JacintoMonteiro
5
Is NEXO ready to get over 2$?Dear Nexonians The last few weeks were great for Nexo, but now it seems like Nexo is still getting rejected at 1.80 $. It`s possible that Nexo retraces around 1.30$ to load up and break the 1.80$ resistance. In my opinion its more likely that Nexo keep his level around 1.60-1.70$ and then Breakout, maybe with a retest to the last big resistance at 1.80$. Maybe we will see a little rejection at 2$, because its a psycological Number Besides that NEXO has still many things that will be announced in the next months like the 2 Bank licens and the Nexo card. I think this announsments will lead Nexo to a New big ATH. Pls tell me your opinion on the price action in the next days/weeks. Ps. it is my first publishing please don't be too harsh.
HITBTC:NEXOUSDLong
by monotrix_
2
47% profit expected on NEXO. Fundamental and technical reasons!FUNDAMENTALS First of all if you don't know Nexo, do a quick research about them. It's a "crypto bank", offering loans for your crypto as collateral. So you don't need to sell Bitcoin if you need money for a car or bathroom renovation for example. Just deposit Bitcoin to Nexo and take a loan in fiat. When you repay your loan, you get ALL your Bitcoins back. Especially now that we are in bull run, you don't want to sell Bitcoin and miss on gains. Another service that Nexo offers is "Earn" on your crypto and fiat. Last week they also announced improved version of this Earn feature, they call it NEXONOMICS: nexo.io Holding NEXO tokens gives you big discount on loan interest rate and it also increases your APY (annual percentage yield) if you decide to use Earn feature. Nexo has better rates than competition and what is very nice, your funds are not locked. It's a flexible stake so you can withdraw them any time! Price already increased a little bit after Nexonomics announcement last week, but check this (from the article I linked above): "The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed progressively through December 2020 ." TECHNICAL ANALYSIS Now let's move to some technical reasons why I expect a 47% increase at minimum! As you can see Nexo is about to break out of this pink/magenta descending trendline. If you want to trade this more conservatively, wait for stronger confirmation of breakout. However I already bought NEXO because I wanted better entry price. Furthermore, 20 and 50-Day EMA are about to form a bullish cross and this doesn't happen very often. However when it does, a big upward trend follows. Check the history yourself. About my target. My target is Golden Pocket (0.618 Fibonacci level) which is at 0.0000194. It could go higher as well.
Long
by LaminarM
11
NEXO / BTC - Swing Trade Oscillators indicate buying signals for NEXO on the NEXO/BTC chart on the 1D and 3D TF. It seems like Nexo has completed an ABC correction and that it has found support from where it has already bounced (see red support trend-line). There is strong bullish momentum for a pump up to 30% (entry between 0.00001450-0.00001411). Swing Trade NEXO-BTC (R:R=1.7+): entry@ 0.00001450-0.00001411; TP1@0.000018789; TP2@0.00001998; (TP3@0.00002198); SL@0.00001148 (SL timeout = 8700s) I´m not a financial adviser. For educational purpose only!
NLong
by Asset-Ethology
LINK- Multi-time frame and fundamental/Macro analysisDespite Link's fundamental shortcomings, we need to realize that crypto is driven partially by euphoric sentiment and market signal is often times, more important than macro signal, at least in the short run. While the time of reckless speculation may be gone, we can't overlook the effect that DeFi craze and the resurgence of crypto bull market may have on the speculative behaviors. If you bought Link cheaply, congraztz and enjoy the ride. If you are like me, treat it as a deeply discounted swing buy opportunity like most cannabis stocks, just wait patiently until the price drop to the buy zone in my chart without taking on the excessive amount of risk. For short-term speculators, set the wide stoploss in order to avoid the stoploss hunt for over-leveraged longs and be prepared to take loss when the parabolic run ends and the trend line is broken. Link is showing some technical weakness at 4hr time frame, but remains strong and trendy on the daily time frame. Volume reached ATH yesterday and doesn't seem to be slowing down anytime soon. Fundamental and Macro- 1. No clear timeline of Mainnet launch. 2. Unnecessary intermediary and permissioned structure run the risk of being labeled as security token by SEC (Why not just start the centralized oracle?). This argument has been valid for a long time and it is the reason why many investors prefer currency coins (specifically anon coins) and platform tokens over utility tokens. 3. According to Zeus capital, Link's marketcap is way bigger than the decentralized oracle's projected TAM. This can only be justified if TAM is rapidly growing, which isn't true as Link's clients are mostly DeFi platforms, or if LINK can capture nearly 100% of TAM. The latter is impossible as MakerDao, Compound, Uniswap and Coinbase are developing the internal alternatives. Not to mention many centralized lenders such as Genesis and Nexo that indirectly affect Link's value proposition and user case. Don't forget to follow me and like the post. Much appreciated!
KRAKEN:LINKUSD
by Libratus
4
NEXO in Aug 2020: Long or ShortIt's rare to find a good cryptocurrency project among hundreds of failed, scam projects. NEXO is one of those, for those who have followed NEXO from first days, it will not be hard to see the possibility of their success in the future. The Crypto Market 2020 seems to be getting back on track. Can Bitcoin break the old peaks or can Ethereum successfully update to version 2.0? All of which can affect to NEXO's price. Technically, the ability of NEXO growth in 2020 is entirely possible, fundamental analysis also supported this. I'm looking at $0.40 in the next 6 months to 1 year. This analysis is for reference only. Not an investment advice. Disclaimer! Good luck guys!
HITBTC:NEXOUSDLong
by StevenPhuHuynh