Get started

Nxt

NXT is a coin where TA doesnt work, fundamentals are driving it NXT is a great platform and idea that I wholeheartedly support, but feelings dont make money in this field. NXT is going to have big fundamental events in the next 1-7 days so TA wont be of much use here for now. They have an ICO starting at 6:45 UTC 8/5 which will continue onto 8/12. Many people feel that they will receive "free IGNIS" during that snapshot, which is only partially true (im not going to post all the info here until i clear some positions). Anyways, people will be holding NXT until at least ICO start time and then who knows what will happen, my guess is that there will be a big selloff (maybe not all at once, but spread out over 24-48 hrs) and it could potentially drop it to the .618 FIB line at 4500 or worse to around the 3950 line. If you are looking to sell positions there will be NXT accumulation and holding for the next 12 hours, I believe it can potentially max out between the 6500-7000 range so I would hold until it gets there. Coincidently it it breaks below the 5290 support with volume I would recommend to have some stop losses in place.
Short
by UnknownUnicorn1195715
NXT/IGNIS Countdown to ICO, Cup and HandleHey all, Still new to charts and have only been tweeting my updates so far, but it appears that we have a big cup and handle dating back to July 8th with a neckline at 5200 and a bottom of 3000. I marked a few interesting points of divergence that stuck out to me, and coincidentally both appeared to stop their respective downtrends (the first being the bottom of the cup, the second being the bottom of the handle). It looks like we broke out of the downtrend of the handle on July 26th. The ICO date for IGNIS is marked in purple, though there is no exact time on August 5th. I drew out some general trend-lines on where I think we will go in this next week or so leading up to the ICO. These are roughly based on various Fibonacci levels (again, new to those as well) that I decided not to put on the already-cluttered chart. I believe we will slowly climb back to 5200, bounce back down around 5600, and then spike upward to the 6500 range. Obviously there's uncertainty in the market for Aug. 1st, so this chart could become skewed relatively quickly. Won't use this chart to speculate what will happen to the price of POLONIEX:NXTBTC while the ICO is ongoing or when the eventual IGNIS snapshot occurs, but I would love to hear your thoughts on that. Also seeing a positive trend occurring with the MACD on the 4 hour chart for what it's worth. Info on the ICO is located here if you need a quick refresher: www.jelurida.com Good luck all, and may POLONIEX:NXTBTC , IGNIS, and POLONIEX:ARDRBTC all fly! Twitter: twitter.com
NLong
by jsm19
4
NXT possible playTechnical Analysis NXT has a good potential to pop up to the 5500 - 6000 satoshi level. Looking at all of the higher time frames it seems that it has accumulated a lot of buying positions and will be soon ready to give us a nice pop up. It still has significant resistance around the 4500 satoshi. So I'm expected it to bounce off that level a few times until we are ready to fully break it. I would ONLY try to buy NXT at the 3500 satoshi OR LOWER!!! That way it will give us a more optimum entry and time to let the market play out. I would also try to catch a buy on the HTF Daily Green trendline if you can :). This isn't a HUGE playmaker play, but it should still be profitable. I haven't posted in a while because I haven't been trading the major cryptos lately :). Once the market shows us more volatility I'll begin to post daily again
NLong
by RyanGrinds
NXT Bullish Divergence Price bounced from 0.070000 support level. RSI confirms price reversal and do it in the oversold zone. MACD histogram confirms up movement. DMI does not confirm strong down movement and it allows open long trades. Price diverges with RSI and MACD histogram and it gives us a trend reversal signal. We have long opportunity. We could open long trades but price dropped below 0.100000 support level. Now this level is a barrier for possible up movement and it plays as a resistance level. We have to wait when price returns above 0.100000 and only after that we should open long trades with stop below 0.070000 level. Profit target for long trades must be at MA100 and 0.130000 resistance level. Bullish divergence is a strong reversal signal in falling markets. But not always price moves up after such signals. That's why proper money management is the key to stable and profitable trading. Don't forget about it when you open new long trades.
NLong
by DLavrov
9
NXT Long OpportunityPrice reached 0.100000 support level. It's a possible reversal level and we have trading opportunity. We can buy from the market with stop orders below 0.085000 and profit target at 0.180000 resistance level. RSI confirms price reversal in the oversold zone. MACD histogram supports possible up movement. DMI allows open long trades. If you want to buy based on a more reliable signal, you should wait for the moment when price breaks the downtrend line. It will be an additional confirmation that the market is going to move higher. If price breaks 0.100000 level, we'll see down movement to the strong support zone formed by 0.080000 support level and MA100. It will be new trading opportunity.
NLong
by DLavrov
19