Nexo winding up again. Been watching for the last week or so and looks good to play out on most timeframes. With some major announcements and dividends on the horizon, low targets set $4.25 $5 and some upper targets for the year getting us into the double digits. Been fun watching this one. I
Hi Im Nexo and I want also to be friend with the Altseasen!
it seems we have broken 0.20$ and heading for new ATH. This solid project was trading at 5$ Last year in a korean exchange. So i think we hav e good opputunity to get to 5$ soon.
UPDATE - things are following along nicely. Look for continued consolidation into end of march/early april with a strong bounce off the trend line bottom of triangle and a push to break resistance for continuation up early April
been following this rising wedge since the first bounce. Playing nice within the limits and respecting the fib levels. Volume consolidating, RSI headed south for a nice rounded bottom and push through the current ATH to new heights.
NEXO finally broke the BIG 2$ resistance and it seems like we found support around 1.80$, but now the 2$ level isn`t a big resistance anymore. I guess next Week we will see some BIG candles on the 1D Chart. NEXO wasn`t affectet hard by the BTC price till this week. Now NEXO is affected by BTC much more than befor.
At the moment it is hard to tell if it will break...
The last few weeks were great for Nexo, but now it seems like Nexo is still getting rejected at 1.80 $. It`s possible that Nexo retraces around 1.30$ to load up and break the 1.80$ resistance.
In my opinion its more likely that Nexo keep his level around 1.60-1.70$ and then Breakout, maybe with a retest to the last big resistance at 1.80$. Maybe...
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Nexo has a choppy yet consistent pice range lately, lots of buys and sells to keep it in a mid range. Congrats to anyone who got this below .10.
Currently it broke out of the .23 Fib range which was one of my measured sup/resistance. It could be in a squeezing triangle. I can't wait to see what happens...
In this idea we see Nexo is falling to support and will start climbing in January. This is confluent with my chart of Bitcoin where Bitcoin will fall into a consolidation region approx January 14th. once Bitcoin has stabilized we will enter a 1-3 month alt season. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
I'm waiting to see what it does in the next week. If the long term channel trend continues, it will likely see a big correction coming soon. RSI is overbought, at the top of the channel with a big downward swing looking quite likely. But BTC is near ATH, alts are now booming and could also see a break out the channel to the upside. If this happens it could enter...
It's rare to find a good cryptocurrency project among hundreds of failed, scam projects.
NEXO is one of those, for those who have followed NEXO from first days, it will not be hard to see the possibility of their success in the future.
The Crypto Market 2020 seems to be getting back on track. Can Bitcoin break the old peaks or can Ethereum successfully update to...
Crypto NEXO finding support on long term bullish trendline on the weekly chart. Trendline started in September 2018. Also outperforming its own price when valued in Gold (XAUUSD) From what i have seen this rarely occurs, but when it does a change in trend normally occurs. Long term bullish on this crypto.
They have already claimed over 50 million $$$ in profit from loans and distribute 30% of that to it's token holders. This incentive and backing of insurance on deposits will make this a monster during the next bull run. ALSO keep in mind this is on sexy WEEKLY chart. GOING LONG BABY!!!
PS - OR JUST BUY AND HODL!!!
Since september 2018 , Nexo is in a triangle , so the break will be amazing..
You can buy if we break , or if we go dawn retest the bottom of the triangle..
Be carreful to the wicks (bleu circle) , and don't forget your stop under the top or the bottom of the triangle (depend where you buy)
Good luck, and good trade..
like if you appreciate , thanks :)
If the current promotion works, and more loans are issued, then it makes sense to pay the loan with the native token since it has a lower interest.
Risk:Reward ratio seems good for medium term and a pump will come eventually when they will decide to pay out dividends.