DowBits

NXTUSDT - Possible consolidation in wave 4 triangle

NXT could be consolidating in the triangle pattern. Triangles can be grinding and exhaustive as it could consume a lot of time. If the wave interpretation is correct then a sideways movement will continue in coming weeks with squeezing price activity. An ideal entry would be at the bottom of Wave if it continues in the pattern. An ideal Wave 5 target would be in mid 40 cents which approx 4 times of current price.

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