NIMIQ needed some time to shake out every weak hand. After the price explosion in May, it corrected very deep and bottomed before the latest break out. The pattern of the last days is very clear and we have seen this pattern in NIMIQ always before it pumped. We could see another very strong really.
So, we are on the verge of new uptrend for NIMBTC pair. This are 2 scenarios that I'm considering right now:
1. Triple MA and MACD cross on weekly chart will state beginning of huge uptrend
2. No cross on Triple MA and MACD, will lead to further trading corridor or continuation of downtrend.
I'm more bullish right now, as Bitcoin is in correction phase for next...
This is the final version of L1000X, it is complete until further notice
Added Histogram, will show you the true length of oscillations and reacts 6 candles faster than MACD in this experiment.
Histogram also shows the intensity of trend by height of candles and the color of histogram columns,
How to Read Histogram(Red and green column chart on...
Nimiq to BTC bullish OBV setup, in buy setup of buy/sell confluence trend as well as diagonal buy/sell confluence trend on price.
Bitcoin is also very bullish vs USD so this is great for the price of NIMUSD.
There are other reasons such as hype for Nimiq 2.0 release that this coin is a great buy right here!
Apparently pictures and charts don't speak 1000 words, last time I uploaded this chart it was set as "Not Suggested"
Buy the dip of NIMBTC below the bottom of Buy/Sell diagonal confluence trend.
Sell the NIM above the top line of diagonal confluences, or don't, your choices today affect your future.
Never Heard of Nimiq? They're an up and coming competitor to ...
After Nimiq's great run a couple months back it has been cooling off and steady down ward path. It now has started a slow and steady up trend. The RSI
is also confirms the action. The one thing we need to see now is a substantial amount of volume to show people bought it.
The previous pitchfork has broken down and the support has become the major resistance.
Short-term we are in the decending pitchfork with 54.9 sats being the top resistance line, going lower.
Generally follow the pitchfork and once we break upwards from the PF, seek the previous support (now resistance, bold line) to be next target to break.
Nimiq has caught very strong support on the 100 day moving average and it coincides with previous resistance & support and major buy area. Nimiq could be caught range bound here for a little a while but make no mistake this is an accumulation zone until it makes it's next move. There is very good opportunity for a very nice swing trade here. Easy 2 to 3x trade...