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...
Nexus 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 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...
Bullish at the moment. Some good news arrived. Entry 63k-65k sat. Short term targets 73k and 80k sat.
NEXUS trend continuation. Entering at a pull back of a lower time frame (15-30 min). Fibonacci target as described. GL!
NEXUS seems to be in good move and will likely make another 1 or 2 elliot wave. Trying to catch that old resistance.
I 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...