NXT Entry Levels for POLONIEX:NXTUSDT by DLavrov

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trendanalysis supportandresistance parallelchannel nxtusdt nxt cryptocurrency

NXT like other coins moves in a range. We can draw a horizontal channel between a resistance and a support levels. Short terms trades can be opened when price bounces from the bottom border of the price channel . Stop orders for such trades must be placed below the support level . Profit target should be the top border. If price breaks the resistance level , we'll have a new buy signal with profit target at 0.125000 resistance level .

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Loved this one mate..thanks!

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@DLavrov what's the target to sell thank you

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1H, 4H RSI indicates that there is divergence(higher low in RSI, overall RSI upward) so I expect the price will break resistance soon.

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NXT's history suggests to me that it's a P&D coin, so I'm bearish even at the bottom of the channel. I'm in if it moves to 0.08x though. Great job on the analysis as usual though.

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Thanks I missed the last one going for this one

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