NXT vs Bitcoin Downside Momentum

After breaking the uptrend trendline , NXT continues to move down very consistently. Fibonacci applied to the corrective wave up after the trendline breakout shows that each Fibonacci level has been acting as a resistance. On the 14th of March, price failed to break below the 3/1 Gann Fan trendline and move lower yet again. 

261.8% Fibs was broken and then rejected as a resistance suggesting that NXT/BTC could go towards the next downside target at 361.8% Fibs, that is 1500 satoshis area. In order for NEX to start gaining some upside momentum, it must hold the support and break above both resistance levels.

At this point, trend down should continue dominating for a little while with a potential short term consolidation after that, followed by a trend reversal.
Comment: How precisely NXT moving according to prediction...
Trade closed: target reached
monster trade
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out