NXT has been performing exceptionally well against Bitcoin , in fact, it is one of the top gainers today. During the past 24 hours, NXT/BTS went from 900, up to 1400 satoshi, gaining around 50%.
This tendency is very likely to continue as NXT/BTC found the support at 700 satoshi that has been rejected. After that price started to rise and broke through two descending channel . Today it is breaking above the 200 Moving Average showing the strength of NXT over the Bitcoin . Not to mention the bullish divergence formed on the MACD .
The Fibonacci applied to the corrective wave after the channels breakout shows that there is very strong resistance at 2300 satoshi area that corresponds with 23.6% Fibonacci retracement applied at the all-time high and the current support.
This tendency is very likely to continue as NXT/BTC found the support at 700 satoshi that has been rejected. After that price started to rise and broke through two descending channel . Today it is breaking above the 200 Moving Average showing the strength of NXT over the Bitcoin . Not to mention the bullish divergence formed on the MACD .
The Fibonacci applied to the corrective wave after the channels breakout shows that there is very strong resistance at 2300 satoshi area that corresponds with 23.6% Fibonacci retracement applied at the all-time high and the current support.
Komen:
Target reached, correction is likely
Komen:
After this correction could be another wave up, but break above tresistance is required
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