Following the previous idea on Nexium VS Bitcoin, the trend reversed to the upside as projected, after rejecting the support at 1140 satoshi. The wave up resulted in the break above the 200 Moving Average and price reached the 5400 satoshi.
Although the consolidation followed and NXC/BTC corrected down to the 200 Moving Average which has acted as a support and has been rejected. Now the uptrend is likely to continue with the first target being at 8740 satoshi, that is 61.8% Fibonacci retracement levels. Break above that resistance will establish a long-term uptrend as suggested in the previous idea.
I was looking at your nexium chart. I am currently invested into that coin. Im still learning how to read charts. You posted "first resistance" at 8740($.98). Does that mean you think it will hit that target, and then dip for a small period? I hope to hear back from you so I can understand these things a little better. I appreciate your time.
CryptoPAMM
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@Mrfishizzle, I think it will hit that target and then we'll need to see market reaction, if it breaks it should continue rising, if rejected, a correction will be likely