Nexus
Nexus setting up for second pumpNexus broke out of its wedge on the upside, pumped hard and now retraced with a nice reversal candlestick pattern on the 4 hour time frame. Use lower time frames to time for entry on the long side and buckle up!
THE MOST BEAUTIFUL CUP AND HANDLE IN CRYPTO HISTORYNEXUS WENT ON A MAD BULL RUN DURING THE SUMMER OF 2017 LEADING UP TO THE BIG NEXUS CONFERENCE IN SEPTEMBER WHERE MANY ICONIC FIGURES WERE ATTENDING AS GUEST SPEAKERS, ONE OF WHICH WAS THE GREAT RON PAUL. AFTER RON'S MAIN SPEECH, HE CALLED TO ALL THE NEXUS WHALES IN THE AUDIENCE TO MEET HIM BACK STAGE. HE PULLED OUT A DOOBIE AND AS THE NEXUS WHALES AND RON GOT THEIR MINDS RIGHT, HE LOOKED THEM IN THE EYES AND SAID, "LET'S MAKE THE MOST BEAUTIFUL CUP AND HANDLE IN CRYPTO HISTORY."
NAH IDK, I JUST MADE THAT UP, BUT THAT'S WHAT I LIKE TO THINK HAPPENED.
KEEP THE FAITH. FULFILL THE PROPHECY.
NEXUS-correction or trend change starting #NXS/BTXAfter a major pull back on most ALT coins pairs here is one which has created a good floor of support and is looking ready to take off. I have highlighted a few resistance levels to start profit takes. #NXS/BTX
NXSBTC : 0.001 BTC Per NXS SoonNexus (NXS) is indeed an undervalued cryptocurrency at the moment. The project behind this sleeping giant is way more advanced than the Bitcoin blockchain itself. That being mentioned it is certain as the objectives and events of Nexus Roadmap for 2018 are fulfilled there will be an enormous demand as well as a surging growth in adoption for this cryptocurrency backed by a satellite based blockchain. Also recently Nexus introduced the concept for the world's first 3D blockchain and it is still under process of bringing into effect. Although these fundamental facts ensure the validity of the Nexus it clearly makes certain of the upcoming bullish trend for the NXS coin when studied and and analyzed the price chart of NXSBTC pair.
As analyzed it shows a clear upward retracement from applied Fib levels following the completion of a Cup-and-Handle formation. Once the price retests and breaches the all time high around 0.0009300 BTC it is evident that the price will have nearly doubled the value of its current position of 0.00064200 BTC to 0.0013100 BTC during the upcoming weeks.
NEXUS OutlookGreetings Traders!
NXS moving in descending channel formation. Initial support level is the lower parallel + 0.5 line, just below that 4H 100 EMA + 0.618 line, even below that is the 4H 200 EMA. A good reaction at these support levels could indicate a possible LONG entry. Resistance is the upper parallel.
Nexus is a very exciting project with a capable lead developer aiming to create innovative quantum-resistant 3D blockchain software within a scalable satellite network.
Stand clear - Future is Nexus Earth - The whole package in oneNexus Earth has the technology and potential to be the coin for many. Nexus is decentralizing the decentralization and launching tech into space to support the decentralization. With advanced development on "Smart Contracts", privacy, Quantum Resistance and real decentralization Nexus will hold together in one coin all that is needed in this space.
"Nexus seeks to Free humankind from centralized systems. Merely being decentralized is not enough. We must decentralize the decentralization. Using software and hardware, Nexus seeks to build the foundation for the most decentralized system to ever be developed: Nexus Earth. This network will empower everyone from the first world to the third world. Not everyone has money, but everyone has time."
Mining Channels: Each channel reinforces each other to prevent 51% attacks on one channel forcing attacker across multiple channels
Hashing: SK-1024, SK-576, SK-512, and SK-256 used in all hashing. Pure SHA3 using Skein and Keccak.
SK-1024: Using Skein-1024 and Keccak-1600 for Hash PoW to produce a 1024 bit output hash used for the block hash providing the highest security.
Prime: Searching for Dense Prime Clusters as PRIME PoW, finding these clusters of numbers that are ~308 digits to verify prime density in large numbers.
Keys: 571 Bit Private Keys compared to 256 bit in other currencies. Using NID_sect571r1 as the algorithm.
Difficulty: Calculated with time overlaps and true % over bounds, using weighted block average over past 5 blocks.
LLP: Lower Level Protocol as a template protocol to allow any protocol to be created with ease without need for repeated network programming.
Core LLP: Protocol responsible for time keeping as an advancement to NTP, keeping clocks on the network synchronized within a few seconds of one another. Maximum clock drift for Nexus is 10 seconds.
Mining LLP: Dedicated Mining Protocol outside of JSON-RPC Server to allow the greatest performance for mining. Protocol can handle 5k + connections allowing solo mining of any magnitude.
No Reward Halving: Rewards are calculated along an exponential decay curve to slowly reduce the value of each block rather than shock both miners and the market with block reward halving which acts as a rudimentary decay model.
Released Reserves: Decayed Amounts are deposited into the Reserves for each channel, preventing a miner from being able to mint more than the projected amount while difficulty is compensating to their amount of computing power.
Fractional Rewards: When reserves are below given thresholds, the mining reward is then based off of the time it took to create a block preventing a miner from ever being able to deplete the reserves.
Decentralized Checkpoints: All blocks must root from the most recent checkpoint which is declared by fitting into a timespan. This allows checkpoints to be automatically created every hour, without the need for any master node or checkpoint broadcast.
Trust Keys: Interest rate is increased the more a node services the main chain giving incentive to active stakers. This also increases the cost of an attack for in order to attack with a trust key it requires time to get it to the same threshold.
Nexus Proof of Stake: Proof of Stake system based on the Peercoin protocol heavily recoded from the ground up utilizing energy efficiency threshold, trust keys, and logarithmic weights to create the fairest and most stable Proof of Stake system to date.
Developer Commission: Built into the protocol levels, gives a small decayed amount to developer addresses every block over 10 years amounting to a total of ~2.5% after 10 years, and starting at ~1.5% as a way to bring the benefits of pre-mines, without the risk to investors. This means developer account has no control over the currency as it will never be of a high enough %, but it allows funds to be distributed to development removing need for corruptible foundations such as the Bitcoin Foundation.
NXS and the rocketsI know that they want to bring a rocket in the space. We want NXS on a rocket.
When you look the 1 Day graphs for the USD /NXS Pair, we completed a cup and after the cup there is a handle. there we have a triangle formation.
The RSI goes up, MACD support an upward movement. DMI is still shy. So it is not a super buy but pay attention to upward movement in the next hours/day.
NXS - Nexus - (580%+ Potential)Chart analysis by request. (Training)
Signals:
- MACD Bullish divergence.
- Chart formation = Triangle.
- Bounce from low point (0.0000940).
Notes:
* 1Day Chart.
* Attempt at breakout can happen around 13-14 Dec.
* Targets black lines.
* Long trade.
Basic trading tips:
- Buy low, sell high (can't go wrong when you buy at the bottom).
- Remain calm at all times.
- Do not take action based on fear.
- If you feel nervous or in panic mode, go out to the beach, river, woods or burn your computer.
- If you can't take a red candle, stop trading right now, you are giving away your money.
- Diversify. Don't put all of your money in one trade.
- When unsure, always use a stop-loss.
- Set sell order before the time to sell comes.
- Tip the trader who made the analysis for his hard work, regardless of what happens with the trade.
- Learn to play poker... Oh no wait, that's just a joke. HAVE FUN!
- & GOOD LUCK.
- Joy, peace and love.
Nexus long: short-and long-termCoin with great fundamentals. Colin is a visionary, Nexus' ability as a team is out of this world, The team has great connections, and now the importance of PR (once there is enough to show). Technical indicators line up, too.
NEXUS, long opportunityStop-Loss: 0.80$
Take-Profit1: 1.30$
Take-Profit2: 1.50$
Take-Profit3: 2$
Good luck fellows!
Bounce on log daily trendline? It could rebound here, also on Fib from breakout to ATH, this level is the 61% retrace so maybe the start of wave 3 on the daily. RSI looks low on daily also. This chart is formatted log so it looks like there is a respected trendline on the daily. Nexus is a cool project and it looks like everyone dumped after the conference, maybe they paid P Schiff in Nexus to come to the show and he sold.
NEXUS bounce from supportNexus might go through old support and resistance levels. Looking for buy-in at lower and probably much stronger support area which possibly turns NXS open to long-term buy.
Nexus bouncing up with high probabilityNexus has been following a pretty regular uptrend channel for a long time. As you can see, when RSI fell into the highlighted zone, reversal occurred in a matter of days.
Lately, the volume increased, making the last swing's amplitude double.
The rise was followed by a fall, up to the strong uptrend support, which seems to have resisted once again.
My play here is very precocious: I'd go long, putting a stop loss at 33k sats, and aiming for 53k and 73k.
If you wanna play it safer, just wait for a couple of days, where things will be way clearer.
$NXS next targetBullish at the moment. Some good news arrived. Entry 63k-65k sat. Short term targets 73k and 80k sat.
NEXUS 100% Fibo targetNEXUS trend continuation. Entering at a pull back of a lower time frame (15-30 min). Fibonacci target as described. GL!
NEXUS taking bounce from old resistanceNEXUS seems to be in good move and will likely make another 1 or 2 elliot wave. Trying to catch that old resistance.
NXSBTC - Perfect Chart PatternI invested in this a couple of days ago and logged in today to sell some because I feel like I haven't done enough research before I invested. Before I was about to sell I figured I'd look at the chart.
I don't know what else can be better than what I see here. RSI and MACD show oversold, the candles are bouncing off of the fib levels perfectly on the way up doing the last pump and on the way down from the recent pump. Right now it's stabilizing right at support before the last pump. This creates a 'flag' like pattern which should be ending sometime tomorrow.
It may be only a 10% or 20% increase. But either way, it's looking good for the NXS BTC pair.
