DO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
Nexo Coin is currently offering interest rates of up to 12% on USDT, USD, GBP, and EUR. As a Swedish broker, Nexo provides insurance on its clients' assets in the event of a hack, a unique feature not offered by other companies to my knowledge. Based on my quick analysis of the trading range, it appears that the market is testing the lower border levels. However,...
◳◱ A Resistance Breakout and Confirmation has been detected on the $NEXO / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.692 | 0.744 | 0.846, and the major support zones can be found at 0.59 | 0.54 | 0.438. Consider...
View On NEXO (21 Feb 2023)
Nexo is very similar to the now defunct blockFi but it survived the last crypto meltdown.
Nexo coin can be used as collateral to enjoy better interest payout.
So, we can say there may be some kind of demand for the coin.
Since it has dropped from the high of $5 and now it is at 0.75ish, I reckon we shall see some pull back UP...
My charts are simple, to the point. I hate to see a lot of trendlines, indicators bla bla as I strongly believe trading doesn't require all those gibberish analysis that really confuses instead of simply explains things. Support and resistance is all i need to make 80% of my analysis, I put up indicators when I just want to get confirmation of my hypothesis
So as...
Hi dear friends, hope you are well and welcome to the new trade setup of Nexo token with US Dollar pair.
On a 4-hr time frame, NEXO has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.010).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEXOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.010).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NEXOUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Nexo (NEXOUSD) has been trading within a Channel Down since the May 12 2021 High. The last Lower Low was priced on on June 30 and since then the price has rallied almost +120%, breaking above both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) with the two about to form a Bullish Cross.
The same 1D MA50/100 Bullish Cross was formed during the...
Perhaps we are seeing the formation of a cup and handle pattern. if the pattern continues, the uptrend will continue. To confirm, the $1.1 level must be broken.
