NXT bounced off midterm support trend line.
Decreased heavily while bitcoin was correcting hard, but then kind of leveled off disproportionate to bitcoin decrease so hopefully it has found a bottom for now.
Needs some help though to break above the resistance line of the descending wedge forming. Possible cup and handle formation as well.
RSI and MacD on the 30 min timeframe looks good so let's keep our fingers crossed.
I have a hard time believing this coin decreases much more this month. Too much hype around receiving the 0.5 Ignis coins per 1 NXT on the 28th. Ignis anticipated to be valued at around $1 USD.
This very well could be the cheapest NXT will be until after the 28th so take advantage now.
Break below midterm support line around 3700 sats will indicate further correction down. However, NXT will come back up so keep an eye on it.
Trade Procedure:
Buy now or buy at break above wedge.
Target 1: 4280-4360 sat.
Target 2: 4690-4890 sat.
Upper targets: 5300, 6300, and much higher if these targets are reached days before the 28th so sell in percentages unless you plan to buy the dips.
Stop Loss: 3700 sat.
Trade Time Length:
19 days total, but first targets should be reached pretty quickly.
Goodluck!
Decreased heavily while bitcoin was correcting hard, but then kind of leveled off disproportionate to bitcoin decrease so hopefully it has found a bottom for now.
Needs some help though to break above the resistance line of the descending wedge forming. Possible cup and handle formation as well.
RSI and MacD on the 30 min timeframe looks good so let's keep our fingers crossed.
I have a hard time believing this coin decreases much more this month. Too much hype around receiving the 0.5 Ignis coins per 1 NXT on the 28th. Ignis anticipated to be valued at around $1 USD.
This very well could be the cheapest NXT will be until after the 28th so take advantage now.
Break below midterm support line around 3700 sats will indicate further correction down. However, NXT will come back up so keep an eye on it.
Trade Procedure:
Buy now or buy at break above wedge.
Target 1: 4280-4360 sat.
Target 2: 4690-4890 sat.
Upper targets: 5300, 6300, and much higher if these targets are reached days before the 28th so sell in percentages unless you plan to buy the dips.
Stop Loss: 3700 sat.
Trade Time Length:
19 days total, but first targets should be reached pretty quickly.
Goodluck!
Komen:
If using Bittrex, stop loss should be more around 3650ish.
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