NXT trapped between strong support and resistance. Will likely punch through resistance and hit the next one. First target is the upper resistance. Next target is the 38.2%. If support breaks, the line under it is the the next strong support. If the SMA50 crosses over the SMA100 it's gonna go into a downtrend.
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SMA100 just acted as support. 1st target will be 4080.
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It bounced off support line. I got a little sweaty but it held. It may retest support one more time till it goes to 4080.
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candle closed above 3481 small resistance, definitely headed to 4080. Target 2 is about 4400. Doesn't seem so far away.
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First target hit!, 2nd target in sight.
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2nd target hit. Calculating next target, but perhaps we see a slight correction first.
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Finally found a way to scroll my chart up. Next and 3rd 5020. 4th target 6368.
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It's likely gonna bounce off support at 4k now, then to 5k. Good buy opportunity at 4k.
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4k support broke, 3620 next support.
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Bounced off support, broke 4048 resistance, gonna reach for target 3: 5050.
Trade closed: stop reached
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DIdn't reach target 3, bounced between support and resistance several times, crashed through support. Close trade to prevent losses.
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Seems like Poloniex is the market maker here and Bittrex is the follower. On Bittrex it broke through support, on Poloniex the support is still holding. Not sure what's going to happen, but I will rebuy if it breaks 4040 resistance and closes candle above it
what period are you using for the charts. 1 month, 3 month, 6 month for SMA??
Woolhead
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@CharlesCoinCing, 100 and 50 SMA. The number is in candlesticks. It stands for Simple Moving Average.
CharlesCoinCing
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@Woolhead, what is your time period 1 day 2 days 3 days 1 weeks , 1 month a year?
CharlesCoinCing
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thanks!
CharlesCoinCing
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you are saying hold and wait until we reach 4080?? sell or wait if target is reached? what is floor to sell if price drops?
Woolhead
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@CharlesCoinCing, if it crashes through support, the green line under it will act as the next support. Sell around the target and wait for a few candlesticks of confirmation before rebuying to see if it goes on to a second target or not. The current floor/stoploss is 3333, if it goes below that, the support broke and you gotta sell to cut your losses.