Looking at the 2h chart for $NXT reveals a falling wedge (reversal pattern) forming. In addition, it is oversold and recently intersected on Stoch RSI, and the MACD is ready to cross. Look for a decent reversal soon, back to the top of the channel (TP @ 0.5 fib) or perhaps to the area around 0.000063 where it was when it crashed a couple weeks ago (TP @ 0.786 fib)
Order cancelled:
Brain fart - the falling wedge is actually a continuation pattern :O
Now it seems to be forming a sort of bearish rectangle, so I would hold off on any buys despite my original call.
Now it seems to be forming a sort of bearish rectangle, so I would hold off on any buys despite my original call.