This is my first analysis but it's an increasingly precise one. As you can see. Determining the manipulation and all the regulations needing to happen for the market to turn back upwards, with bitcoin surging, Nexus is too follow the whole rest of the market, and even higher. With NEXUS down 19% at the moment, it's validity to shine is very high!
Higher highs will be seen and a boost of self confidence ;) Hold please
When I started charting it was with mail order charts and pencil/ruler--LOL! Well, at least you picked the right one to own. LOL! It should be BTC/NXS...not NXS/BTC ;) No matter what, NXS has been in a uptrend since the beginning of last year.... so dips should be bought. We are getting to close to major announcements so don't be short. As I indicated before a seasonal break out was due in March...and 1 March BOOM! That was clear with a accelerated descending wedge. With that being said, your chart has the trend lines in proper place. However, you should have a resistance line at .00040000. If we can close above that tough resistance, then that should provide near term support for a move higher. Nexus is WAY oversold because of Bitcoin. Eventually Nexus will trade on its own fundamentals as it solves ALL problems with crypto on chain. So, yes the rocket is barely getting fuel now. :)
ExclusivelyFX
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@StacyDaleBarendse, totally understand now haha thanks for the feedback! I've been doing my own research on chart analysis. Hopefully it rockets, cheers!
StacyDaleBarendse
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@mariosefa, Oh, its going to rocket to Pluto. The question is only when?