FOMONOMO

NXT short term sell off but still in a bullish channel

POLONIEX:NXTBTC   NXT / Bitcoin
NXT broke out of zone 1 and met resistance at long term support line x (green).

Diagonal trendline 2 and long term support line w provide current support.

If we continue through line x, diagonal line 1 will provide resistance in zone 3.

If RSI breaks above the upper trend line , we might see the price enter into zone 3, other wise, if we ride the lower trend line downward we are likely to see NXT move sideways in zone 2 until falling down to zone 1.

Lets watch bitcoin closely.
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