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NXSUSD

Nexus Could Double In Value SoonAfter hitting the low at $1.2, Nexus went up and broke above the triangle pattern. But then it consolidated for a while and now seem ready to start producing higher highs and higher lows. Fibonacci applied to the corrective wave down after the downtrend trendline breakout, shows that the nearest strong resistance is at 361.8% retracement level, that is $2.3. Although if that resistance is broken the next upside target could be at $3.25. In the worst case scenario NXS/USD could go back down to the downtrend trendline before moving upwards, although the recent spike up shows more of a bullish intentions in the short term.
NLong
by CryptoPAMM
3
A good opportunity to buy in NXSUSD. Don't miss it !!Technical analysis: NEXUS/DOLLAR is in a Range bound and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 44. Trading suggestion: The price is in a range bound, but we forecast the uptrend would begin. There is possibility of temporary retracement to suggested support zone (1.664 to 0.730), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (1.664) Ending of entry zone (0.730) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 4.42 TP2= @ 5.06 TP3= @ 7.03 TP4= @ 16.8 TP5= Free
NLong
by ForecastCity
4