Hi dear friends, hope you are well and welcome to the new trade setup of Nexo token with Bitcoin pair.
Previously we caught almost 25% pump of NEXO as below:
Now on a daily time frame, NEXO has formed a bullish Gartley for the next price reversal:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss,...
bullish descending triangle pattern
What Is a Descending Triangle Chart Pattern?
A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern.
A descending triangle has one declining trendline that connects a series of lower...
After the big drop at the beginning, Nexo been oscillating in a triangle pattern for a long time. If Nexo breaks this triangle upward successfully, it could be a start for upward movement. Let's see what happens.
Nexo is pulling back to previous support where we expect it to bounce towards 100EMA resistance.
⚡️⚡️ #NEXO/BTC ⚡️⚡️
Signal Type: Regular (Long)
Published By: @Zblaba
$NEXO #NEXOBTC #Nexo #CEx...
◳◱ We have identified both a Super Trend pattern and a Resistance Breakout on the $NEXO / CRYPTOCAP:USDT chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a...
◳◱ A Resistance Breakout and Confirmation has been detected on the $NEXO / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.692 | 0.744 | 0.846, and the major support zones can be found at 0.59 | 0.54 | 0.438. Consider...
NEXOUSD hit both the MA50 (1d) and MA200 (1d) today.
The long term pattern is a Triangle that is limited by a Falling Resistance.
1. Buy on the current market price.
1. 0.8500 (Falling Resistance and +53.50% move).
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