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NXTBTC

NXT Strength Against the BitcoinFollowing the previous idea on NXT/BTC , price went down to 361.8% Fibonacci at 1480 shatoshis, that has been rejected cleanly. The previous prediction was quite precise, and after rejecting the support NXT/BTC broke above the downtrend trendline suggesting the the trend might be about to reverse. At this point NXT is facing several resistance levels that it has to overcome in order to start a longer term uptrend. Fist strong resistance is 2000 satoshis area, break and close above it should push price further up to a 50% Fibs at 2600 satoshis.  On the other hand, price could still continue to consolidate between 2k and 1.5k satoshis and potentially produce spike below the current support before moving higher. All-in-all the short term upside potential is there and the reaction to the 2k satoshis resistance should show the strength of the NXT against the Bitcoin.
NLong
by CryptoPAMM
4
NXT Correcting before next climb1) #NXT broke out of its long downward slide on 20 March. A Gann Fan was used to confirm the breakout and on 22 March and 23 March #ETC tested the 2/1 Resistance of the Gann Fan and on 24 March #NXT broke through the 2/1 support (see previous analysis listed below) to start its upward trend. The first observation is therefore that #NXT is now moving into a Bullish Growth phase. 2) From 24 March #NXT have been following a perfect Elliott Wave pattern to a high of 0.0000175 BTC before starting an ABC correction. 3) The ABC correction is on the first leg but is likely to drop to the 1.618 retraction / 0.0000165 BTC by the time the C leg is complete in 2 days time. 4) #NXT is a cyclic coin (look at my previous analysis listed below) and will likely climb 1100 % over the next 85 days. It would be a wise investor that waits for the correction to finish.
NLong
by Wetdog544