NEXOUSD hit both the MA50 (1d) and MA200 (1d) today.
The long term pattern is a Triangle that is limited by a Falling Resistance.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.8500 (Falling Resistance and +53.50% move).
Tips:
1. The RSI (1d) is still only 60.00, indicating that until its usual deeply overbought tops, there is still room on...
View On NEXO (21 Feb 2023)
Nexo is very similar to the now defunct blockFi but it survived the last crypto meltdown.
Nexo coin can be used as collateral to enjoy better interest payout.
So, we can say there may be some kind of demand for the coin.
Since it has dropped from the high of $5 and now it is at 0.75ish, I reckon we shall see some pull back UP...
Hi dear friends, hope you are well and welcome to the new trade setup of Nexo token with US Dollar pair.
On a 4-hr time frame, NEXO has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
BingX’s Bitcoin Chart
Bitcoin is up 1.04% over the last 24 hours and rose to an intraday high of $16,987.00. The largest cryptocurrency has been trading sideways between $16,000 to $17,000 since 12th November, and the volume has decreased significantly, suggesting that investors continue to maintain a risk-off stance. If the price sustains below $17,000, it...
Nexo (NEXOUSD) has been trading within a Channel Down since the May 12 2021 High. The last Lower Low was priced on on June 30 and since then the price has rallied almost +120%, breaking above both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) with the two about to form a Bullish Cross.
The same 1D MA50/100 Bullish Cross was formed during the...
In this setup we see Nexo hitting its C&H neckline. Volume decreasing since the middle of the cup and exponentially decreasing when in the handle. Just like we like to see it. Target is bottom of the cup towards the neckline. We can see 2 necklines. However, I prefer the conventional one since its target wil allign with Nexos big resistance. For now, we would like...
NEXOUSD has formed a relatively flat price profile with little breakouts
LTCUSD beautifully shows how price action like this can break out ridiculously to the upside
Price action like this is normally seen in very young coins
A comparison post
A longer term look at the US 30 Year Bonds reveals that the yields have broken to the upside of 2 standard deviation of the linear regression channel.
In a way bonds have already executed the FED rate hikes.
You can get around 3% yield on a US 30 year bond.
Question is if the bond market will track lower increasing yield rates even further.
Depending on your...
The NEXO token has been consolidating into the ascending triangle pattern for the past several months.
The NEXO token is making inside the candle in the weekly price chart.
What will be next; breakout or breakdown?
As per the Fibonacci Retracement, bulls need to keep NAXO price above $2.5 (which is 0.5-level Fibonacci); below this level, buyers will continue...
Nexo/btc finds itself in a downtrend channel for about 3.5 months.
With Nexo/usdt breaking out (check previous analysis), it's likely that Nexo/btc will rise above the gold yellow downtrend line. When this happens, we would like to see that the grind continues up until it rises above the parallel channel. until then, Nexo is just boring.
With Bitcoin recovering, Nexo wants to escape the parallel channel.
See the chart for the trade idea and the horizontal lines as resistance levels.
Keep risk managament in mind.
$nexo #nexo stuck at 200EMA on H4. Found support at the 50 EMA after it had been acting as resistance.
Want to break through 200 EMA and not lose the 50 EMA otherwise retest of local lows in sights.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be...
