1. The first and second waves are finished, the 3rd wave is coming soon
2. Strong divergence on RSX
3. Breaking of the descending channel
4. The coin has a good fundamental and very undervalued
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.
NIMBTC Forecast @ 1HR Timeframe |
I am planning to buy some NIMQ, however, based on this chart, there are two potential directions: the price has the potential to touch the resistance line at 0.00000016 level but it is likely to go down passing the main support @ 0.0000001331. At this point, I cannot take the risk to buy some NIMQ and need to see if it touches...
Based on the wave theory, there is a high probability that NIMBTC price will close above the resistance level of 0.0000001323 thus forming a new support.
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,
TUTORIAL:
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 ...
Nimiq after neverending droping finally finds support. I believe in bounce back and if there would be more buy volume when it reach upper trendline, we potentially break huge falling wedge
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.
