POLONIEX:NXTUSDT
NXT is back at rising channel support. It's currently testing the support at the bottom end of the channel. If it turns again, there is potential for it to test the recent high around 20 cents or even the upper channel resistance. In the last upward swing it reached the upper channel resistance in only two days.
As of yet there is no bullish confirmation that is a candle with higher high and higher low. Given it's been on the grind for some time it could take few sessions before it turns. Should be traded with tight stops.
NXT is back at rising channel support. It's currently testing the support at the bottom end of the channel. If it turns again, there is potential for it to test the recent high around 20 cents or even the upper channel resistance. In the last upward swing it reached the upper channel resistance in only two days.
As of yet there is no bullish confirmation that is a candle with higher high and higher low. Given it's been on the grind for some time it could take few sessions before it turns. Should be traded with tight stops.
Trade closed: stop reached