A surprise base break early this am for NEXO, maybe a whale sold off but every sell order was snatched up and the buyers absorbed it all. I bought in at my target spot, looking for a juicy bounce back to base and then some.
NEXO... in a recent AMA on YouTube, Co-founder and Managing Partner Antoni Trenchev dropped hints of a bank acquisition and potential stock offering. They have been aggressively buying back their own NEXO tokens off exchanges in the last 90 days to stabilize the price, as Trenchev believes the NEXO token should be fairly valued in the double-digit...
NEXOUSDT - It is in 3rd of 5th wave up and expecting to go up to 3.0 or higher level to finish the cycle. Give thumbs up if you really like the trade idea/analysis.
NEXOUSDT - It is in 5th wave, where 1st subwave formed a leading diagonal. Wait for 2nd subwave pull back to get in to trade with stop level below 1.742 for target of new high. The 3rd wave is expected to be sharper. Give thumbs up if you really like the trade idea/analysis.
NEXOUSDT - It is yet not clear that 4th wave correction is finished or not. But if price dips between 1.7-1.5 then it is good zone to enter in buy trading set up for 5th wave up. Give thumbs up if you really like the trade idea/analysis.
NEXOUSDT - It is in 4th of 5th wave correction and expected one more cycle down before it resume the final move up. 1.75-1.55 zone is good for next pump. Give thumbs up if you really like the trade idea/analysis.
NEXOUSDT - It is in 5th of 3rd wave up and expecting one more wave up to finish the current cycle up in 30 min time frame. There is a small correction down before it reverses in 30 min to go for higher high. Give thumbs up if you really like the trade idea/analysis.
With the ever growing interest into DeFi platforms, CeFi also gains some traction. Next is having a dividend release sometime this year. Whales are gobbling this up! Grab some if you like the token.
NEXOUSDT - It is in 5th of 3rd wave up and expecting more upside after small correction. Give thumbs up if you really like the trade idea/analysis.
Entry limit long 1,7 SL 1,5 PT1 1,98 PT2 2,15 BE 1,81 RRR 2:1 HITBTC:NEXOUSDT
Entry long limit 1,6 SL 1,295 PT 2,190 BE 1,77 RRR 2:1 HUOBI:NEXOUSDT
Massive increase in userbase and huge upside momentum are on the side of Nexo. The price has stabilized around $1.70 for the past few days and it is holding strong. IMO Nexo is looking to break up through 2 fib levels and test the resistance at $2. Let me know what you guys think.
Why isn't anybody talking about Nexo Token? It was just around 80 cents on Feb 1st. Now its at 1.51!!!. My bags are already loaded. Also based upon my research it seems very valuable.
*** Just sharing my opinion, not an investment advice.
This NEXO breakout is a thing of beauty NEXO Recently announced a buyback Exchange coming in 2021 Demand for leverage products should increase as BTC runs Closest competitor OKEX:CROUSDT has market cap of $1.27B NEXO price at OKEX:CROUSDT market cap is $2.27
LONG NEXO - BULLISH MACD CROSSOVER UPTRENDING TRADING RANGE
Nexo has been holding a long term uptrend but extremely volatile. seems to be falling back in to consolidation range with volume picking up. I also see cup and handle forming on the RSI. I expect it to bounce off it's long term uptrend line.