One of the best ways to make money in crypto is to buy coins that have not yet had a bull cycle - NXC fits that description, the chart shows signs of accumulation, and the price is breaking out here at what I believe to be the next wave of the altcoin bull market. Cheers :)
Blue chip alts are hot this week. XMR has been consolidating in this wedge for many months and is moving towards the upper bound with momentum. Will likely see more volume.
I think we have a high probability of seeing 0.0168 this week. Higher still is within question.
I found a set of points for the fib time zones that are more correct IMO. I like these a lot.
Lining up with ichimoku on 4H. Looks really good. Wouldn't be surprised if they fake us out like they did last time, so keep that in mind. Decred should see some volume this coming week.
DCR looks to be making another big move up. There was no big selling after the recent move. MACD trending like the last big move. Falling wedge like last time. I decided to try out fib time extensions, even those line up well.
Side note, I tried the fib time extensions out a little bit on this chart - they seem to work very well in backtesting.
No technical explanation, it's an altcoin lol just watch trends.
Targets are based on fib extensions. It could easily go much higher, of course, but fibs don't provide much meaning in the 3x+ area IMO. Alts are back maybe?