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NEXOBTC trade ideas

#NEXO/BTC 2D (#Binance) Broadening wedge breakout and retestNexo is pulling back to previous support where we expect it to bounce towards 100EMA resistance. ⚡️⚡️ #NEXO/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 8.4% Current Price: 0.00002340 Entry Targets: 1) 0.00002262 Take-Profit Targets: 1) 0.00002798 Stop Targets: 1) 0.00001994 Published By: @Zblaba $NEXO #NEXOBTC #Nexo #CEx #Payment Risk/Reward= 1:2 Expected Profit= +23.7% Possible Loss= -11.8% Estimated Gaintime= 2 months nexo.com
Long
by TradingOn
47% profit expected on NEXO. Fundamental and technical reasons!FUNDAMENTALS First of all if you don't know Nexo, do a quick research about them. It's a "crypto bank", offering loans for your crypto as collateral. So you don't need to sell Bitcoin if you need money for a car or bathroom renovation for example. Just deposit Bitcoin to Nexo and take a loan in fiat. When you repay your loan, you get ALL your Bitcoins back. Especially now that we are in bull run, you don't want to sell Bitcoin and miss on gains. Another service that Nexo offers is "Earn" on your crypto and fiat. Last week they also announced improved version of this Earn feature, they call it NEXONOMICS: nexo.io Holding NEXO tokens gives you big discount on loan interest rate and it also increases your APY (annual percentage yield) if you decide to use Earn feature. Nexo has better rates than competition and what is very nice, your funds are not locked. It's a flexible stake so you can withdraw them any time! Price already increased a little bit after Nexonomics announcement last week, but check this (from the article I linked above): "The full scope of Nexonomics, including a variety of upcoming upgrades and functionalities, will be revealed progressively through December 2020 ." TECHNICAL ANALYSIS Now let's move to some technical reasons why I expect a 47% increase at minimum! As you can see Nexo is about to break out of this pink/magenta descending trendline. If you want to trade this more conservatively, wait for stronger confirmation of breakout. However I already bought NEXO because I wanted better entry price. Furthermore, 20 and 50-Day EMA are about to form a bullish cross and this doesn't happen very often. However when it does, a big upward trend follows. Check the history yourself. About my target. My target is Golden Pocket (0.618 Fibonacci level) which is at 0.0000194. It could go higher as well.
Long
by LaminarM
11
NEXO breaking through resistance soon?NEXO is a solid working crypto project with good fundamentals. At the moment it is printing a HL after a HL and formed a falling wedge in past few months. There is also small cup and handle to be seen in the charts. It is knocking on resistance and will most likely break through after some volume spike, especially after some strong recent movement from BTC. Do not forget that NEXO offers yearly dividends as well. Not on Binance yet, so listing could send this crypto lender to the moon. Thanks for reading and let see what the future brings.
Long
by DonJuan_DeCrypto
NEXO Dividend Announcement FOMO NEXOBTC now is situated into a downtrend channel which probably soon will break because: -We have a stochastic bullcross -Rsi is near bottom(30 level) and now is curbating up -At MACD we can see the first smaller red candle which means the sell pressure is still decreasing=bullish sign After this channel broke first target is 0.00001507 which is the 0.236 fib resistance and my main and last target is 0.618 fib 0.0000264 sats EVENTS IN JUNE - Announce the ex-dividend date for the next Nexo Dividend - Launch the Nexo mobile app for iOS/Android - $TRX as a collateral option -The Nexo Card is launching in Europe first Fomooo will comee
Long
by CryptoC77