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,...
Hi Everyone;
today we have one of the Interesting coin.. NEXO
My TA showing almost 23 Risk to rewards, but looking to the accumulation phase I expect more than that, let's give it a chance.
NEXO has broken down 200EMA on the 4H Timeframe.
50EMA has broken down 200EMA (1H TF)
RSI is below 50 points (4H, 1H and 30m TFs)
I think the asset will go down after fixing below the support level.
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...
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
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
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 is one of my biggest Alt bags. I believe in this company long term, and I am seeing a nice long trade set up here so I thought I would share.
EMA ribbon and both Super Trends flipped bullish on H12. RSI and OBV both in up trend.
Short term, I see a move to 2.91 very likely after rounding out a bottom and breaking 2.53 horizontal resistance level and...
Here are the next few targets for $NEXO.
This is not only based on technicals but this is the governance token for a VERY solid defi platform with great interest rates, no staking required.
Technically you can't beat it, right at the edge of the channel, just recovered from a double bottom and forming a sym tri consolidation. This looks prime to explode to the...
Lying dormant in wait, She rears her symmetrical triangle head and strikes...... It's the classic snake in the grass pattern.... putting fear in the hearts of the evil short sellers everywhere..... NEX wrecks down your walls and you fall madly in love with her... That is until the next hot Crypto comes along.
