Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.010).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEXOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
After the breakout of the ascending triangle pattern near 1.5900, Nexo is retesting the same level. For the confirmation of again a bullish move it need to break the 1.7400 level.
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (3.0210).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
.NEXOUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
