PietroCasoar
Panjang

NXT progressing through extended wave 3 ?

BITTREX:NXTBTC   NXT / Bitcoin
It seems NXT is progressing through an extended wave3 count on the Minor period and wave 1 on the Intermediate period.
Currently price action is inside a massive resistance area , with all EMAs flared whilst price action is well above the 13 'EMA' Ketchup. 'TDI' already shows signs of overbought position with the 'RSI' line already in the '70.0000' area and possibly about to form a sharkfin. I'm expecting the RSI to breach the '80.0000' area to the Wave3 target.
This coin is bullish for me and I'll be holding and adding to my position once wave 4 has been completed.

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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.

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There won't be a wave 5 after Dec 28. The sell off will be tremendous.
Balas
@HudZ, A lot of people have said similar things like you did, for example on Vertcoin... but its still up there in a good price range and I'm not expecting any different on this coin either. This is a good coin and the technology behind it is solid and market relevant so I don't see how a sell off of this coin would occur unless some critical announcement panic investors.
If you think there is a sell off, please provide EVIDENCE then I'll take it into consideration. :D
Balas
NXT has been pumping due to the upcoming Ignis coin airdrop on Dec 25. It would be remiss not to mention this to your readers. https://support.bittrex.com/hc/en-us/articles/115003571832-Statement-on-Ignis-IGNIS-airdrop-to-Nxt-NXT-holders
Balas
@some_guy, Thanks very much for commenting ! and thanks for the great link too.
Balas
TaylorJones some_guy
@some_guy, actually the 28th...
Balas
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