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NXTBTC

NXT/BTC LongNXT is in a nice bull run and it looks like a great time for it to moon. Will wait for price to drop back down to the closer support line that it's bouncing really nicely from before entering. Based on historic values, it looks like we will see some resistance at the 0.236 Fib level and of course the recent high. I have no problem seeing this reach a target price of 0.000105, especially if it can bounce nicely from the current 0.5 Fib level. Will set the stop/loss just below the 2nd support line. Expect rice to bounce between support uptrend and resistance downtrend. Once resistance downtrend is broken, we should see the price bouncing off the resistance uptrend line instead Entry: ~0.000039 Stop/Loss: 0.0000307 Target is about a 150% profit
NLong
by blakeren
2
Trade setup for NXTUSDPOLONIEX:NXTUSDT NXT is back at rising channel support. It's currently testing the support at the bottom end of the channel. If it turns again, there is potential for it to test the recent high around 20 cents or even the upper channel resistance. In the last upward swing it reached the upper channel resistance in only two days. As of yet there is no bullish confirmation that is a candle with higher high and higher low. Given it's been on the grind for some time it could take few sessions before it turns. Should be traded with tight stops.
NLong
by DowBits
NXT Bull RunNXT is starting to form a channel here which gives us a good speculation on where we are heading. IGNIS is running its ICO via NXT coins collected in the crowdsale which is split into 5 different distribution periods. Next IGNIS ICO scheduled period is on the 26th of August. There was high demand in the first ICO period but lots of people missed out (Mainly due to a whale taking most tokens) therefore FOMO (Fear of missing out) has occurred and I expect this to help maintain this continuos uptrend channel. If this speculation goes as expected, a 50-85% profit is expected. Good luck.
NLong
by JoeFares
NXT Trading ScenarioHello, Today let's study NXT, the blockchain application coin. The big brother of ARDR coin and soon to be IGNIS coin, went up from 550 in march to 9200 in june (16x growth) and then experienced a retracement to 3100. Today, NXT trade around 3500. With the snapshot on NXT in October in order to obtain Ignis, good trading opportunity could come. As you can see on the chart, NXT/BTC is currently inside of two triangles. The short term one (between the orange line and the purple long term up trend line) should resolve in a few days. The second one (between the black and purple line) should resolve before October. Today NXT is on the bottom line of those triangles where it bounced several times last month. If the triangles breaks down on the following days, we could see the price go to 3000 support level and if it doesn't hold to 2500. If the price bounce on the next days on the purple line we could see the price go to 3800 and then maybe test the orange line. If the orange line breaks we may go up to 4500-4700 levels where there is fib resistances. Then if they break, we could see the price go to 5300. I will update later if we go to this levels. On the indicator side, On the indicators side, the mix of OBV, ADX/DMI, RSI , Volume Zone and MacD gave a small buy signal one month ago when NXT/BTCwas around 3600. RSI seems to predict a reverse of the downtrend soon. With the snapshot on NXT in order to distribute IGNIS coin on October, we could see a rise in the price before the snapshot followed by a strong retracement. In conclusion, It may be a good time to buy some NXT (at the bottom of the triangle after a bounce for a more risky bet or when the orange triangle break for a safer buy).
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by Tompouce
1
NXT is a coin where TA doesnt work, fundamentals are driving it NXT is a great platform and idea that I wholeheartedly support, but feelings dont make money in this field. NXT is going to have big fundamental events in the next 1-7 days so TA wont be of much use here for now. They have an ICO starting at 6:45 UTC 8/5 which will continue onto 8/12. Many people feel that they will receive "free IGNIS" during that snapshot, which is only partially true (im not going to post all the info here until i clear some positions). Anyways, people will be holding NXT until at least ICO start time and then who knows what will happen, my guess is that there will be a big selloff (maybe not all at once, but spread out over 24-48 hrs) and it could potentially drop it to the .618 FIB line at 4500 or worse to around the 3950 line. If you are looking to sell positions there will be NXT accumulation and holding for the next 12 hours, I believe it can potentially max out between the 6500-7000 range so I would hold until it gets there. Coincidently it it breaks below the 5290 support with volume I would recommend to have some stop losses in place.
Short
by UnknownUnicorn1195715
bullish flag at NXTNXTBTC - POLONIEX - August 4 #bullish flag perform, if this pattern break up 9358 will be target. But need to break 6498 as confirmation # if price bounce from buyer zone target at 8324 Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
NLong
by AzrulAzir
16
NXT/IGNIS Countdown to ICO, Cup and HandleHey all, Still new to charts and have only been tweeting my updates so far, but it appears that we have a big cup and handle dating back to July 8th with a neckline at 5200 and a bottom of 3000. I marked a few interesting points of divergence that stuck out to me, and coincidentally both appeared to stop their respective downtrends (the first being the bottom of the cup, the second being the bottom of the handle). It looks like we broke out of the downtrend of the handle on July 26th. The ICO date for IGNIS is marked in purple, though there is no exact time on August 5th. I drew out some general trend-lines on where I think we will go in this next week or so leading up to the ICO. These are roughly based on various Fibonacci levels (again, new to those as well) that I decided not to put on the already-cluttered chart. I believe we will slowly climb back to 5200, bounce back down around 5600, and then spike upward to the 6500 range. Obviously there's uncertainty in the market for Aug. 1st, so this chart could become skewed relatively quickly. Won't use this chart to speculate what will happen to the price of POLONIEX:NXTBTC while the ICO is ongoing or when the eventual IGNIS snapshot occurs, but I would love to hear your thoughts on that. Also seeing a positive trend occurring with the MACD on the 4 hour chart for what it's worth. Info on the ICO is located here if you need a quick refresher: www.jelurida.com Good luck all, and may POLONIEX:NXTBTC , IGNIS, and POLONIEX:ARDRBTC all fly! Twitter: twitter.com
NLong
by jsm19
4