NXT / BitcoinUpdated NXT - What's next?
So as expected NXT dropped hard to exactly the target we defined!. I posted the analysis on the 25th, so hopefully some of you got the chance to get out before the huge drop. I also explained why IGNIS isn't worth taking the risk.
You can see the previous analysis post in here:
So now whats next? Well the RSI (Relative strength index) is showing that NXT is over sold, also the MACD is bullish. That said I'm expecting a small rebound in the coming few hours.
I will need some more time to look at how the coin behaves with such volume after the majority sold out before being able to provide targets.
I will keep updating this post regularly from this moment, so if you are in NXT or a NXT fan/holder stayed tuned.
You can see the previous analysis post in here:
So now whats next? Well the RSI (Relative strength index) is showing that NXT is over sold, also the MACD is bullish. That said I'm expecting a small rebound in the coming few hours.
I will need some more time to look at how the coin behaves with such volume after the majority sold out before being able to provide targets.
I will keep updating this post regularly from this moment, so if you are in NXT or a NXT fan/holder stayed tuned.
Note
Small mistake, the origianl NXT idea was posted the 24th not the 25thNote
5 min candle chart:Rsi is near overbought
MACD isn't looking so good
1 hour candle:
RSI is near oversold
MACD is looking good
Meaning don't expect the coin to fly in few mins. within an hour + I can see the coin moving up.
Note
Bearish Ichimoku CloudUnderbought RSI
Bullish MACD
Note
In other words....no clear idea yet.Note
Ok now that some time have passed, we kindoff have an idea of the trend:Its in a falling wedge which usually tends to break upwards, if it does, a first target is indicated.
<deleted>
Note
Broke up from the falling wedge.Note
Ok so in 1 hour candle, NXT is bearish still. If this changes anytime I will update the post. Its hard to make possibilities in a 1 min candle chart.<deleted>
Note
Sorry guys I forgot to update you on this.The last update I mentioned that NXT is bearish, and it still is.
One asked me if he should buy a lot of NXT because its so cheap now, so I replied back to him with no, NXT might go to the low mid 3k sat range, and indeed I'm seeing a movement in this direction.
Note
Rising Megaphone.I believe we are heading to 4.2k sat, maybe more.
SELL LOSS!! as usual, watch out from BTC and have a sell loss.
Note
Thats what I'm talking about
Note
IGNIS is now on bittrex!! you can trade it.Trade closed: target reached
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.