AlanSantana

Nexus Ascending Triangle w/ Support & Resistance Levels

Long
BINANCE:NXSBTC   Nexus / Bitcoin
Nexus ( NXSBTC ) is now moving within an ascending triangle and aiming higher.

The pattern is marked here with red dashed lines...

  • Consolidation can happen inside the triangle.
  • Above the red-line, an impulse can happen with sudden growth.
  • Below the red-trendline, the next support(going lower) can be tested.

This setup is bullish for multiple reasons:
  • Ascending triangles are a bullish continuation pattern.
  • We are seeing NXSBTC creating higher lows.
  • The RSI is the bullish and green volume is going up.
  • The altcoins market continues to grow. Many more altcoins are consolidating, while others are moving up and clearing the main resistance levels that are holding them down in order to continue growing in the weeks to come.

Patience is key...
If you miss one opportunity, another one will show up.

Namaste.
Comment: First target hit (+38%).

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