Pretty simple graph. I have been looking through my crypto hodlings trying to see which ones may survive the upcoming bear winter. It basically comes down to who is holding up against BTC since everything usd related is getting smoked. Nexo has a nice graph with a bounce of the 100 week. My only real fear is Nexo adjusting its APY rates in the light of the bear...
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.
NEXO:
1. oscillator against BTC
2. RSI breakout important to signal phase change
3. some support with the support bands
Analyse also against other crypto coins.
No financial advice.
Nexo could do what Celsius did. For now Nexo isn't listed on many exchanges but it could easily get some more at some point. Not comparing the quality of the platforms, but the potential of the token give how the chart looks like. Currently very strong and ready for a pump.
Nexo has going very well on USD pair. We Broke up recistance and made it as support. Retested support. Im pretty sure we are going to have a parabolic movement on this coin soon on BTC pair. In that case we will see it on several coin in BTC pairs soon aslo.
Nexo is a great platform backed up by Bitgo security and Loyds Bank warranty.
Great interest rates in their platform.
Looked closely to it, even in terms of support in real time, transfers between revolut and banks are very easy to do especcially if you´re from Europe. I am really impressed with it, must confess.
Nexo coin hodling system seems to be perfectly...
FUNDAMENTALS
First of all if you don't know Nexo, do a quick research about them. It's a "crypto bank", offering loans for your crypto as collateral. So you don't need to sell Bitcoin if you need money for a car or bathroom renovation for example. Just deposit Bitcoin to Nexo and take a loan in fiat. When you repay your loan, you get ALL your Bitcoins back....
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...
NEXO's dissappointing way of distributing the annual dividends and the generic pump and dump to claim dividends has brought NEXO back below the S/R flip of 1300 sats. We spend the majority of late 2019 accumulating below that range, broke out of it early 2020 with a retest in May 2020. The current break of 1300 sats and test of 1000 sats is imo only temporary....
BITFINEX
