NexoAfter the big drop at the beginning, Nexo been oscillating in a triangle pattern for a long time. If Nexo breaks this triangle upward successfully, it could be a start for upward movement. Let's see what happens.
Key stats
About NEXO
✴️ Nexo Consolidation Triangle (100%+ Potential Growth Possible)I see this growing... Here we can see Nexo trading near support with a bullish RSI, reading 50.
The MACD is about to cross to the bullish side and we have this consolidation triangle that has been holding a base for long.
NEXOUSD is moving above the triangle trying to get out of a bearish trend.
NEXO token - Great company, good token to invest, but not nowNot complaining about Nexo
I'm using their service since 2019 and loving what they provide !
They will probably become leader in the crypto borrowing niche in a very near futur.
They did well through the liquidity crisis of this bear market, so I believe in them.
About investing in this token, her
NEXOUSD Buy but limitedNEXOUSD hit both the MA50 (1d) and MA200 (1d) today.
The long term pattern is a Triangle that is limited by a Falling Resistance.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.8500 (Falling Resistance and +53.50% move).
Tips:
1. The RSI (1d) is still only 60.00, indicating that
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Nexo and EMAs to watch$nexo #nexo stuck at 200EMA on H4. Found support at the 50 EMA after it had been acting as resistance.
Want to break through 200 EMA and not lose the 50 EMA otherwise retest of local lows in sights.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to
Nexo ATH SoonNexo is one of my biggest Alt bags. I believe in this company long term, and I am seeing a nice long trade set up here so I thought I would share.
EMA ribbon and both Super Trends flipped bullish on H12. RSI and OBV both in up trend.
Short term, I see a move to 2.91 very likely after rounding out
Nexo closed above $2.58The reason I'm so bullish on NEXO is mainly Bitcoin. People and now banks, corporations & countries are buying it at a record pace. Not to trade it but use it as a store of value. NEXO will enable you to get your hands on your bitcoin holdings without selling it through collateral backed loans at 0%
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Frequently Asked Questions
The current price of NEXO (NEXO) is 1.29620000 USD — it has risen 1.82% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing NEXO price chart.
The current market capitalization of NEXO (NEXO) is 837.53 M USD. To see this number in a context check out our list of crypto coins ranked by their market caps or see crypto market cap charts.
NEXO (NEXO) trading volume in 24 hours is 12.22 M USD. See how often other coins are traded in this list.
NEXO price has risen by 6.51% over the last week, its month performance shows a 23.07% increase, and as for the last year, NEXO has increased by 75.12%. See more dynamics on NEXO price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
NEXO (NEXO) reached its highest price on Nov 15, 2021 — it amounted to 3.72380000 USD. Find more insights on the NEXO price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
NEXO (NEXO) reached the lowest price of 0.42860000 USD on Apr 24, 2023. View more NEXO dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The current circulating supply of NEXO (NEXO) is 1.00 B USD. To get a wider picture you can check out our list of coins with the highest circulating supply, as well as the ones with the lowest number of tokens in circulation.
The safest choice when buying NEXO is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade NEXO right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for NEXO (NEXO): today its technical analysis shows the strong buy signal, and according to the 1 week rating NEXO shows the strong buy signal. And you'd better dig deeper and study 1 month rating too — it's strong buy. Find inspiration in NEXO trading ideas and keep track of what's moving crypto markets with our crypto news feed.
NEXO (NEXO) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, NEXO is estimated as 5.45% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about NEXO, you can find more inspiration in our curated watchlists.
You can discuss NEXO (NEXO) with other users in our public chats, Minds or in the comments to Ideas.