Following the previous idea on Nexium VS Bitcoin, the trend reversed to the upside as projected, after rejecting the support at 1140 satoshi. The wave up resulted in the break above the 200 Moving Average and price reached the 5400 satoshi.
Although the consolidation followed and NXC/BTC corrected down to the 200 Moving Average which has acted as a support and...
Lots of news going on around the NXC coin, so thought to take look.
This is 1D timeframe and the price is trying to break the resistance. I see an opportunity upto 4x-6x.
Entry: 4870 or breakout (6000)
Stoploss: on the break of the trendline based on your risk.
Target 1: 7500
Target 2: 9400
Target 3: 11200
Target 4: 13400
Target 5: 18000 (4x)
Target 6: 24000 (6x)
So this is a very promesing project that I have been watching for more then a month and it has raised from 980 sat to 6000 sat and retraced back to 4250 sat.
On the 10th they are releasing a new in-game shop and a road map for 2018 and its their 1 year birthday so there will be extra news.
Securing profits at: 6500 sat
Nexium found the support at 1140 satoshi that was confirmed by a 427.2% Fibonacci retracement level applied to the corrective wave after the uptrend trendline breakout. There was a very clean support rejection and besides this the previous bottom price of the Nexium back in the end of 2016.
This is indeed a key price for NXC/BTC and while the support is being...
Nexium is clearly trending upwards while making higher highs and higher lows on a Daily timeframe. It continues to reject the uptrend trendline and currently is trading at $0.21, above the 200 Moving Average.
While the uptrend remains valid and Nexium is above the $0.13 support, buying opportunity remains, with a huge growth potential. The first real strong...
Nexium completed a double bottom formation and it moves to upward. The MACD, RSI and DMI supports this movement. If it breaks the 0.382 fib level (0.00007908), it can continue its movement to 0.5 fib level which is 0.00008936 (take profit). Stop orders should be placed below 0.00007100 levels.