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sl0wb0
Jul 5, 2017 8:34 PM

NXT about to go on the upswing Long

Description

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.
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