nxt has broken out the ma50 and ma200 and is going to have a golden cross.
A consolidation phase above the last localtop (1111) would be another bullish sign and should confirm the trend reversal.
nxt block reward is tx fee only so there is no supply increase.
Increasing my position in the 1100-1200 area ( i already in position together with the ardor breakout, see related idea)
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wedge on 2h
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looks like more consolidation, maybe triangle pattern
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golden cross on the daily chart is drawn. a slow and steady rise would be great after the crazy spikes... 1111 should still be the support
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this could turn into a cup and handle pattern with textbook bounce on the 0.5 fib level
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added to nxt here, its holding above 3000 forming a triangle. Looking for new targets around 6000 and 9000
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got stopped out with this position, maybe abc correction? or more down?
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Took some profits here in the 8k area.
Now all targets hit 3k, 6k, 9k. But I think there is still the chance that this goes to 12k or even to a new all time high. So I keep holding some nxt. :)
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bought back nxt in the 6400 range
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AaronX
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awesome idea, thanks for sharing <3
Sebastiaan-
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Back in the v.bullish wedge. Think this could go to 3.4k sat
koryu
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@verborg, yes i think 3k+ for the longer term is very likely
JackieHuynh
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I think NXT still looks strong. it is down now because of btc
JackieHuynh
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can you show the forming triangle , koryu ? I'm still learning . Thank you for your chart
koryu
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@SamHuynh, I expect the new support is found near the last local high (3200) and if the support is holding it could draw a triangle continuation pattern. But the market is tricky now, not risking much anymore.