Nexus (NXS) is in upward trendNXS is looking in upward trend as it is making higher highs and higher lows since MAY 2020.
Recently. NXS broke the weekly resistance at 2065, which was then tested twice, making it strong support.
A new candle has open above Monthly level at 2250. It is going to test the newly created support at 2250. If it is rejected then NXS will be in bullish move.
Right now, NXS is converging in upward move respecting the upper trend line. As shown with black arrow lines, this pattern can be seen in upcoming days.
Optimal point to enter the trade would be 2250 if it test the support and gets rejected. Then you can secure 5 percent profit up to monthly resistance and can exit the trade.
If monthly resistance is broken then ride again for the long.
Nxschart
A Quite Slow Market & Less Volatility, $NXS Do You Already Know The title is wrong. I made the title way before i go to coinmarketcap.com when i see that this coin is not less volatility and slow market to be honest. One thing for sure, this coin has working towards it's reputation from the bottom low since it was just a few hundreds sats. This coin is mineable actually.
With 58,447,015 total supply, NXS has listed since January 2015 and has Binance, Upbit, Cryptopia and Bittrex as their exchange right now. You can buy there.
Right now chart seems real flat. No surprise tho. Good by the way, which mean, no one is interested to sell more because it's already too cheap to sell at this price and probably as a miner it's not really worth it.
It's all time high was 89k sats. Which is close to 74x room to grow to ATH at least. Quite significant compare to other by the way.
Aha! I got an idea.. thanks to this post.
By the way, continuing my opinion about NXS, this coin is quite cheap at the moment and have very low supply, but you need to be real patience to have your violent upward ride with this one.
If you enter at the current moment short targets are marked with pink lines.
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
