NRG Breakout! {UPDATE}
NRG follows through with massive move! lets see if it holds on the retest and then moves higher.
This has taken a long time but I think this move has legs judging by the volume it looks like for higher moves are coming.
Patience is key!
NRGBTC
The Energi crisis is over!Strong bounce with heavy volume for weeks now. Look for an NRG breakout against BTC soon.
The RSI has had a double bottom and this time the follow through makes a new high.
It seems we might have found a hard floor.
Not investment advice.
NRG update!Looks like the extremely under valued token Energi has finally started to make it's move. We'll keep a close eye on it in the coming weeks and see where it goes. I still think it's very early in this rally and still very, very undervalued against Bitcoin and Etherium. Any dips on this token should be great buys!!
Indicators used are the ADX and DI along with STEVE'S FIBMA.
I have circled the trend line that is showing a triple bottom on the ADX & DI. Anything above 25 on the ADX & DI shows a strong momentum. The higher it goes the stronger the momentum.
Not financial advice But I think the risk to reward here is very worth it!!
NRGETH Technical Analysis⏳ Spot
💎 NRGETH has broken above the symmetrical triangle, the price has got back to the support line and has got rejected once. It is possible that it comes again before it continues the Bullish move again. If the price gets rejected it will go up to reach the TPs
🌐 Tradingview
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 0.0005500
☕️ TP1 0.0005775
🍺 TP2 0.0006080
🍻 TP3 0.0006460
🍾 TP4 __________
🍷 TP5 __________
🍸 TP6 __________
🍹 TP7 __________
🎁 TP8 __________
🚫 SL 0.0005220
Good Luck 🎲
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NRG Possible spike coming!This chart is against BTC on the 2 weeks. It shows patients could pay out very substantially mid to possibly longer term. The two week stochastics are showing a strong trend upwards that is still in early stages vs price action. Taking profits here are your own choice at your own liking although I have marked the major resistance levels.
NRG/BTCI flipped this one a while back, basically went all in on with the dust I had in my Kucoin account, which was devastated by the bear market. This was a 3x for me! It's helping to rebuild my Kucoin account slowly.
I thought I would take a look at it again since I haven't in a while. There is nothing bullish about this chart. I am glad I didn't buy back in. I have laid out two paths for NRG:
1. Break the diagonal trendline and retest the current level (this is long term major horizontal support).
2. Break this support level, and reclaim it.
For now, I will not touch this, but I think it is coming close to the point where one can trade it again.
NRGBTC, A cryptogeometry lesson ;)How many times I heard from crypto enthusiasts such words: "Cryptocurrencies should be analyzed only fundamentally, don't use technical analysis for it!"
As you can see from this chart cryptocurrencies love strong levels and respect it.
Use this chart as an example of how to trade strong levels and keep your eye on it because the price is close to the first candle support again.
One more important thing: don't forget before to trade my ideas to make your own analysis.
These are not recommendations to open your positions!
Thank you for your likes! Good luck!
NRG/BTC 4hr outlook 7/12/2020Good morning ladies and gentlemen... I am looking at alt coins more and more and I am taking a look at NRG/BTC today. I cant really look at the daily chart like I wanted to as it has not been listed on this exchange for that long. Not enough candles to make a solid analysis. Either way I will do my best to give you a coherent and solid analysis to the best of my ability.
First thing I want to bring up is usually when a coin first gets listed onto any big exchange we see a dump happen pretty quickly after the listing. People buy the rumor and sell the news here. So people buy the coin in anticipation of the impending pump and its an all out war to see who can sell their bag first. Playing these exchange pumps can be dangerous so if you plan to do this you need to pay close attention to everything. Otherwise you will be left holding bags.
I see that on this chart we are seeing some solid support at 21000 sats. We have kept our heads above this support and that is nice to see. The longer and more times we test it though the more likely we could fall below this. Above us we see the 4hr 50 MA and the 4hr 200 MA. Every time we climb above the 50 MA we get rejected by the 4hr 200 MA like clock work. So knowing this you may be able to play these patterns with some success.
Of course nothing lasts forever. This listing is so new we dont have too much data to analyze at this point so I am working with what I got. That is all I can do at this point. Perhaps of NRG gets listed onto the likes of Binance or Coinbase we will see some significant gains. Only time will tell if that will occur. Meanwhile if you are trading this coin exercise caution. These low cap alts can seriously move. One well placed buy or sell can throw a wrench into any solid plan. There is just more risk when you mess with low cap coins. Not to say the rewards arent worth it. Just tough to hold onto. Perhaps I will reanalyze this coin at a later date when I have a plethora of information at my disposal. Until then trade with caution folks!!! WTFDIK???
