The resistance for NXSBTC (Nexus) was set at EMA50... Notice how it was rejecting its growth from early December until the 20th January.
On the 20th of January, NXSBTC closed above EMA50 signaling strength, the bullish bias is now confirmed.
After this break, we can see prices starting to grow.
We are very likely to see momentum pick on this pair...
Patience, patience, patience... Most of our altcoins are consolidating...
Prices move up, hit 1 or 2 targets, and then there is a retrace...
Some consolidation takes place and then the growth is resumed.
Here we have Nexus (NXSBTC) back on the move.
After hitting just shy of our first target, this altcoin pair is now back on the move.
We are likely to hit a...
Nexus (NXSBTC) is looking good and we can see prices moving higher within a rising wedge... We can expect additional green based on the signals coming from this chart.
We have prices slowly growing above the EMA10 line, which is a signal of strength, with a very strong RSI.
The dashed magenta lines on the chart represent the next two targets.
Here we have Nexus coming out of a steep descending channel... Bullish action comes next.
ENTRY: 0.00001050 - 0.00001200
STOP: Close daily (D) candle below 0.00001000.
This is not financial advice.
Thanks a lot for your support.
Nexus is currently trading at 1670 sats.
Daily chart shows a falling wedge and a long range of accumulation.
Spring according to Wyckoff accumulation method is where we are at now.
Not financial advice, I will just keep adding positions on this one.
💎Technical Analysis Summary💎
-Nexus is now testing the important weekly key level of support
-This is the swing low last May trading history
-The Bulls must defend this area otherwise the Bears will take the lead
-I'm expecting NXS to consolidate inside this triangle pattern until EOY
-You don't want to hold on bags without any Bullish price...
Nexus currently attempting to retest a break of a falling wedge on the 4HR.
Target: 392 sats * 0.62 % chance of reaching target (see link below)
SL: Recent swing low
Once the breakout is confirmed, we should reach the 1950-2k sats levels again and hopefully begin a slow climb uowards.
Percentage of successfully hitting target from:...
We are at the lowest risk possible for entering positions on NXS against BTC.
Do your own campaign.
My strategy is to buy up every single month and my minimum take profit area is set at 10$.
NXSBTC - Long - Potential 193.39%
Entry - 2342
TP2 - 4147
TP3 - 4729
TP4 - 6880
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there!