After Nimiq's great run a couple months back it has been cooling off and steady down ward path. It now has started a slow and steady up trend. The RSI is also confirms the action. The one thing we need to see now is a substantial amount of volume to show people bought it.
The previous pitchfork has broken down and the support has become the major resistance. Short-term we are in the decending pitchfork with 54.9 sats being the top resistance line, going lower. Generally follow the pitchfork and once we break upwards from the PF, seek the previous support (now resistance, bold line) to be next target to break. Short-term, I'm...
Nimiq has caught very strong support on the 100 day moving average and it coincides with previous resistance & support and major buy area. Nimiq could be caught range bound here for a little a while but make no mistake this is an accumulation zone until it makes it's next move. There is very good opportunity for a very nice swing trade here. Easy 2 to 3x trade...
RSI on 15, 1hr, 4hr looks nice, NIM is in a bull flag, looks good
NIMBTC nimiq may have strong growth, reached the bottom line of the channel ... roughly drew a possible movement
Nimiq broke the top of the ascending broadning wedge and printed a new ATH. Maybe will see more upside movement bringing the coin to the top 100.
Nimiq is still in the previous pitchfork zone, plus in ascending triangle pattern. If it will follow, then probably sideways accumulation phase until 20 july or so. After that a potentially high breakout to 60 sats.
After a upward pump, Nimiq has cooled off within the pitchfork lines. We seem to have a good support crossing the pitchfork, forming a bullish divergence that generally breaks upwards.