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.
Nxsdollar
NXSBTC Cyclemarket cycle reversal, green fractal indicates an upward move similar to that seen in the first bull run, other than that more consolidation will most likely continue. Log Trend shows an inverse cup and handle setup, which may lead to new lows, or be invalidated with an upward move.
A trading opportunity to buy in NXSUSDTechnical analysis:
. NEXUS/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.682 to 0.549). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.682)
Ending of entry zone (0.549)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.19
TP2= @ 1.69
TP3= @ 2.59
TP4= @ 3.60
TP5= @ 5.43
TP6= @ 6.92
TP7= @ 8.40
TP8= @ 10.50
TP9= @ 13.19
TP10= Free
NXS Trading AdviceBuy Price: Yellow Line
TP: Green Lines
Invest Suggestion: 5-10 Percent
Profit Expectations: 5, 10 or >20 Percent
Just hold and watch. All targets will be reached within 24 to 72 hours as my prediction. But it's recommended to hold it for 6-7 days if any target not reached. Sell when you got some profit. I am sure, you will be get nice profit. Good Luck!
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A trading opportunity to buy in NXSUSDTechnical analysis:
. NEXUS/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.26 to 0.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.26)
Ending of entry zone (0.75)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.69
TP2= @ 2.16
TP3= @ 2.60
TP4= @ 3.63
TP5= @ 4.80
TP6= @7.10
TP7= @16.82
TP8= Free
A trading opportunity to buy in NXSUSDTechnical analysis:
. NEXUS/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (1.26 to 0.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (1.26)
Ending of entry zone (0.75)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 1.69
TP2= @ 2.16
TP3= @ 2.60
TP4= @ 3.63
TP5= @ 4.80
TP6= @7.10
TP7= @16.82
TP8= Free
A good opportunity to buy in Nexus . catch it…Technical analysis:
. NEXUS/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.81 to 1.22). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (1.81)
. Ending of entry zone (1.22)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 2.60
TP2= @ 3.63
TP3= @ 4.89
TP4= @ 7.00
TP5= @ 16.82
TP6= Free
A good opportunity to buy in Nexus . catch it…Technical analysis:
. NEXUS/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (1.81 to 1.22). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (1.81)
. Ending of entry zone (1.22)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 2.60
TP2= @ 3.63
TP3= @ 4.89
TP4= @ 7.00
TP5= @ 16.82
TP6= Free
