After the big drop at the beginning, Nexo been oscillating in a triangle pattern for a long time. If Nexo breaks this triangle upward successfully, it could be a start for upward movement. Let's see what happens.
I see this growing... Here we can see Nexo trading near support with a bullish RSI, reading 50.
The MACD is about to cross to the bullish side and we have this consolidation triangle that has been holding a base for long.
NEXOUSD is moving above the triangle trying to get out of a bearish trend.
I believe it is only a matter of time now before this pair breaks...
Not complaining about Nexo
I'm using their service since 2019 and loving what they provide !
They will probably become leader in the crypto borrowing niche in a very near futur.
They did well through the liquidity crisis of this bear market, so I believe in them.
About investing in this token, here is my opinion, for futur reference:
- short term : impossible to...
NEXOUSD hit both the MA50 (1d) and MA200 (1d) today.
The long term pattern is a Triangle that is limited by a Falling Resistance.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.8500 (Falling Resistance and +53.50% move).
Tips:
1. The RSI (1d) is still only 60.00, indicating that until its usual deeply overbought tops, there is still room on...
$nexo #nexo stuck at 200EMA on H4. Found support at the 50 EMA after it had been acting as resistance.
Want to break through 200 EMA and not lose the 50 EMA otherwise retest of local lows in sights.
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Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be...
Nexo is one of my biggest Alt bags. I believe in this company long term, and I am seeing a nice long trade set up here so I thought I would share.
EMA ribbon and both Super Trends flipped bullish on H12. RSI and OBV both in up trend.
Short term, I see a move to 2.91 very likely after rounding out a bottom and breaking 2.53 horizontal resistance level and...
The reason I'm so bullish on NEXO is mainly Bitcoin. People and now banks, corporations & countries are buying it at a record pace. Not to trade it but use it as a store of value. NEXO will enable you to get your hands on your bitcoin holdings without selling it through collateral backed loans at 0% interest. I believe
NEXO will rise with bitcoin as it gains in...
Full Disclosure. This is my 1st attempt at using the fib channel. With Nexo having very little price data as it is a very young company, seemed like a good time to try something new. I did watch a youtube video on how to use the fib channel, so I should be an expert:) Based on what I'm seeing on the chart it looks like a best guess on price to be around $5.00...
Nexo Working it's way throug resistance being supported by current upward trendline. Looking for some positive news/releases, and hoping that the final dividend distribution taking place tomm (voting is a landslide for interest in lieu of dividends) wont crash the price back down with a massive dividend selloff.
Nexo stated that dividend distribution comes from...
Nexo got news of governance voting (which i'll be voting no on) in lieu of dividends which gave the intial fomo buy in with the low price range we are trading in with the start to recovery with btc behaving last few days. Immediate rejection at our prior resitance ~2.85. will be looking to build momentum up and retest this area to try to get back above and build...
Just a quick markup to look back on this week while I re evaluate NEXO path. Quick glance looks like we may be developing a bullish bat pattern following the ascending triangle breakdown that appeared to be tracking nicely pre Elon meltdown comments. With a lot of announcements on Nexos horizon in near future, and the dividend around the corner, I'm looking for a...
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 $5 and some upper targets for the year getting us into the double digits. Been fun watching this one. I
NEXO finally broke the BIG 2$ 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...
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
