alanmasters

Nexus Early, Plus Mixed, Signals (Will It Go Bullish?)

BINANCE:NXSBTC   Nexus / Bitcoin
Nexus ( NXSBTC ) is looking kind of weak on the daily time frame, still too early to say if this new low is "it", but it does look better on the 4H time frame which we can see as the main chart above.

Here is the daily chart:
As for the chart above (4H TF), somehow this set up looks convincing enough for us, we believe that Nexus ( NXSBTC ) can move up from here but some conditions do apply, so keep reading, and feel free to hit like...

  • We can see that EMA50 (magenta line) rejected a move up three times in a row, low volume , but now Nexus is trying again with more volume after a higher low.
  • The classic bullish divergence on the MACD , you've heard this one a million times before from me, but you know we like it simple... Simple is best. So we use these classic signals with amazing results every day.

Nexus ( NXSBTC ) Price Action

  • If Nexus can break and close above EMA10 and EMA50, we can expect additional bullish action.
  • Any consolidation is normal and expected, but a close below the last low, 0.0000594, would send a bearish signal and have us looking again at the charts.
  • If the low is broken, then the yellow zone is where support is most likely to be found for another try at the above-mentioned resistances.

Which one is it going to be?

I am leaning towards the bull in just a matter of weeks.

Namaste.
Comment: BUY: 0.0000590 - 0.0000650

TARGET:

(1) 0.0000760
(2) 0.0000860
(3) 0.0001025
(4) 0.0001145

STOP: Close daily below 0.0000550.
Trade closed: stop reached
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Related Ideas


Alan, could you do an analysis of Huibi's PAIBTC? XD
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eduardokaykedasilva eduardokaykedasilva
Reply
alanmasters eduardokaykedasilva
@eduardokaykedasilva, I will take a look for you.
+1 Reply
alanmasters eduardokaykedasilva
@eduardokaykedasilva, I am done... I hope you enjoy it.



Namaste.
+1 Reply
@alanmasters, Ty. XD
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