TradingView
snatly
Mar 22, 2017 2:50 PM

Nibbling on NXT Long

Description

T/K very wide and oversold, recent all time lows. A bit of a gamble but I think there is potential. RSI is turning up too.

Daily is above the cloud, piercing the thinnest area of course, daily looks about to turn green too (kumo).
Comments
cryptofiend
From a fundamental standpoint, NXT is a safe bet until Q3. The spike from June to August was due to NXT being required to get Ardor. The same thing will happen for Ignis. Even if NXT doesn't increase in value much, the Ignis tokens received from holding NXT will have value. After Q3, Ardor should be online and holding NXT becomes much riskier.
snatly
@cryptofiend, thanks for the input. Food for thought.
More