paaax

Ascending triangle - Short-term breakout expected

Long
BITTREX:NXTBTC   NXT / Bitcoin
Hey guys,

we will see a bounce off the 0.382 fibonacci level and the supporting uptrend line, which started at the 28th of December. There are a few bullish sign, which indicate such a move. First of, the ascending triangle formation, as the bottom of the former downtrend. Furthermore, both, the EMA30 and the EMA10 were crossing the EMA50 upwards, which can also be seen as a bullish sign. If things follow the overall market direction, then we will see a breakout this week for sure.

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Comments

this one still got hope?
Seems to be stagnating on most TA charts.
THanks for the effort, much appreciated!
Reply
mustafara kitkat16
@kitkat16, yeah..2 days stag..how if ignis launch in the market ? i doubt :(
Reply
paaax kitkat16
@kitkat16, the Bitcoin shakeout yesterday, made NXT breakout to the downside. It's sitting below the trendline now. I'd be cautious now.
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