The first scenario (marked all in green)
The price made a perfect cup, broke the neckline and is now in the moment of retracement to form the handle.
It can be in any of those levels of FIBO to then do the pullback.
Unfailingly and how I said in previous cases the price should break the neckline to start your bullrun towards the PT1 C & H.
Second scenario...
NXC was a classical 'buy the rumour, sell the news' case. Game is announced to release the 7th of october on Steam, and I expect something similar to happen next week. First resistance is around 10k, if this breaks we can target 13 and 16k again.
NXC has successfully broken out of its accumulation zone, retested it and bounced off former resistance turned support.
The short term future for alts depends heavily on bitcoin's price action and additional FUD coming out of China - news of a ban on mining there would likely cause a sharp correction and invalidate this move.
TP1: Just north of 12k sats
TP2:...
Market cap: $17 million
Total and available supply: 66,521,586 NXC
Inflation: Zero. No more will be created.
Use case: Token for up and coming MOBA game "Beyond the Void" launching with early access on September 27th. Will be available on Steam as well.
Entry range: 4500-10000
Wow, a coin with real world utility. What a grand idea.
Price has formed an up trendline and is being held by double bottom as well. As long as price doesn´t break this area we could see a retest at 7592.
Possible stoploss at 4730.
1 Day Chart
Breaking Resistances (green line)
Bottom at + or - 13000 Satoshi
First Target could be + or - 8000 Satoshi
Breaking Second resistance + or - 15000 Satoshi
Rsi possible reverse.
Trade small amounts, Grow money.
Founded in Fall 2015, and family operated, Beyond The Void is a company, which is designing a free Multiplayer Online Battle Area (MOBA) running in fast and fun rounds of 15 minutes. The role of the blockchain technology in its delivery is meant to provide efficiency and security to players. The tokens that they have created for their MOBA gaming platform are...
NXC touching that 9300 satoshi area again, which has been strong support. There is RSI divergence on the 4H which should suggest a good upwards move if that support doesnt break.
NXC has a game release coming up. This trendline seems interesting enough to give a nice picture of the potential entries. Also i have some orders on the Tenkan.
Potential is good cause imo anything game related is good.
