NXCUSD
Nexium with huge opportunity 4x-6xLots of news going on around the NXC coin, so thought to take look.
This is 1D timeframe and the price is trying to break the resistance. I see an opportunity upto 4x-6x.
Entry: 4870 or breakout (6000)
Stoploss: on the break of the trendline based on your risk.
Target 1: 7500
Target 2: 9400
Target 3: 11200
Target 4: 13400
Target 5: 18000 (4x)
Target 6: 24000 (6x)
Nexium Is Massively UndervaluedNexium is clearly trending upwards while making higher highs and higher lows on a Daily timeframe. It continues to reject the uptrend trendline and currently is trading at $0.21, above the 200 Moving Average.
While the uptrend remains valid and Nexium is above the $0.13 support, buying opportunity remains, with a huge growth potential. The first real strong resistance that NXC/USD must overcome is at 61.8% Fibonacci retracement that is around $0.33 area. Break above should result in an exponential growth and could reach $1.35 within a relatively short period of time. Only a break and close below the $0.13 could invalidate bullish outlook.
