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
The following is NOT financial advice:
Still feels like mainstream is not aware of the interest savings options available these days. On the Nexo platform they recently raised their interest rate another 2% and you can now earn up to 12% compound interest in stable coins and fiat currencies and a whopping 8% on crypto assets. Paid out daily! The highest interest...
NEXOBTC now is situated into a downtrend channel which probably soon will break because:
-We have a stochastic bullcross
-Rsi is near bottom(30 level) and now is curbating up
-At MACD we can see the first smaller red candle which means the sell pressure is still decreasing=bullish sign
After this channel broke first target is 0.00001507 which is the 0.236 fib...
