Crypto_Ed
Long

preparations for $NXT bullrun......

POLONIEX:NXTBTC   NXT / Bitcoin
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$NXT did a nice move up and is currently consolidating and forming a bullish continuation pattern.

Current price action is indicating accumulation.
2 sceniaros from here:

1) a possible break out to the upside for a run towards at least 0.00075. Wait for the breakout to buy, put an alert on the upper trendline . Dont buy now because of scenario 2:
2) a completion of ABC correction because of the bearish divergence in MACD . Wait for a break out to the down side and buy near the blue box for a much better profit run to 0.00068 at at least.


I will try to update when important moves happen.

Happy trading!
Comment: Update: price bounced of from the upper trenline and went down....broke to the downside and the retest failed. Looks like we might see some more downside, forming a smaller ABC. Moved the blue box a little bit up
Comment: Scenario 1 seems to be playing out.
Price broke out to the upside suddenly. I would advise to wait for a pullback from this sharp upmove. RSI almost overbought on 240.
Target still valid.

Comment: Target reached
Comment: Possible next scenario, 1 more leg up
Comment: Made the correction
Comment: 2nd target reached
Hey Ed,

Do you have any thoughts on a new cycle for NXT?
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@Crypto_Ed
Do you think that NXT have chance for more highs?
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this one has done quite well :)
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Hi,great stuff as always. what do you think about SUB?
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Update? go to 10k?
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looking good!
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Hey @Crypto_Ed , been following this one closely. Do you think NXT is still good for that C target?
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On 4hr we're still very much inside a clear bullish continuation pattern. Target by measured distance method + previous swing high.
+3 Reply
@d3ssy, exactly longer the time frame , stronger the pattern confirmation.
+1 Reply
Is it going to C now thanks to the minor BTC breakout?
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