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NEXO / TetherUS

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NEXOUSDT trade ideas

NEXO/USDTMy charts are simple, to the point. I hate to see a lot of trendlines, indicators bla bla as I strongly believe trading doesn't require all those gibberish analysis that really confuses instead of simply explains things. Support and resistance is all i need to make 80% of my analysis, I put up indicators when I just want to get confirmation of my hypothesis So as always, I bring you another simple analysis: NEXO/USDT W formation, or double bottom. You can also see it as a symmetrical triangle that will break bullish on all larger timeframe SL: 0.70 TP1: 2.00
Long
by Asma7assan
#NEXO/USDT - Long - Potential 27.10% #NEXO/USDT - Long - Potential 27.10% Strategy: Long Exchange: Multi-Exchange Account: Spot Entry mode: DCA Limit Invest: 5% Exit: Target 3 : 0.839 31.4% Target 2 : 0.783 22.63% Target 1 : 0.691 8.22% DCA Entries Entry 1: 0.662 - 25% Entry 2: 0.640 - 25% Entry 3: 0.626 - 50% Current market price: 0.661 Stop: 0.596 (-6.66%) Technical indicators: 24h Volume: 921174.85877 Satoshis: 0.662 ​ Breakout on strong support Trade: NEXOUSDT 29/11/2022 10:37 Account: SPOT Volume last 24h: 921174.86 USDT
Long
by CryptoNicho
💡Don't miss the great buy opportunity in NEXOUSD @Nexo Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.010). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEXOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.113 TP2= @ 1.190 TP3= @ 1.284 TP4= @ 1.391 TP5= @ 1.555 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
7
💡Don't miss the great buy opportunity in NEXOUSD @Nexo Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.010). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . NEXOUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.113 TP2= @ 1.190 TP3= @ 1.284 TP4= @ 1.391 TP5= @ 1.555 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
2
NEXOUSD is well on its way to the 1D MA200 ($1.4000)Nexo (NEXOUSD) has been trading within a Channel Down since the May 12 2021 High. The last Lower Low was priced on on June 30 and since then the price has rallied almost +120%, breaking above both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) with the two about to form a Bullish Cross. The same 1D MA50/100 Bullish Cross was formed during the previous rebound after a Lower Low on August 28 2021 but the difference is that Nexo was already pulling-back to the 0.618 Fibonacci retracement level, while today it broke above the previous High, hence indicating that the June rally is being extended. As a result, the next target is the 1D MA200 (orange trend-line) and on the more medium-term, just above the -0.5 Fib extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
The NEXO token is going to break an exciting chart patternThe NEXO token has been consolidating into the ascending triangle pattern for the past several months. The NEXO token is making inside the candle in the weekly price chart. What will be next; breakout or breakdown? As per the Fibonacci Retracement, bulls need to keep NAXO price above $2.5 (which is 0.5-level Fibonacci); below this level, buyers will continue to struggle to dominate the NAXO trend. The Stoch RSI is near an overbought area in terms of the daily price chart. The indicator has broken above the short term descending trend line (white), and is ready for a move towards the 100-mark. Furthermore, the Average Directional Index is declining gradually and is approaching 11-point, which suggests an extreme sideways movement. We should wait for this symmetrical triangle pattern to break; after that, we should plan the next move. The bulls can possibly win the game as the NAXO token is just below the upper limit. Resistance level- $0.95 and $1.4 Support level- $0.60 and $0.40
by TheCoinRepublic
2
NEXOUsdtThis token can have good growth with more Cardano activity, but it has grown well right now, and with the latest market correction, it has dropped well and can be bought, and it is good for holding a token. In the new year, when more DeFi projects are known, they will probably have a better approach to lending projects like Nexus. this token on binance smartchain.eth and polygon and work with cardano . Good luck EntryPoint: 2.4833 Supports: 2.1619 1.8277 1.5478 Resistance 2.6570 2.8907 Targets: 3.2689 3.6966 4.4024 5.4996 For mid time and HODL: 7.3005 8.4638 10.4684 GL
Long
by Shivaz
1
forgot to publish this NEXO chart last week _1 week chart/look here is a fairly solid Nexo 1 week chart with resistance and support levels laid out. On the dip look for that lowest green box if entire market tanks (same with .41 level n below for crypto.com/CRO coin) but if not that first dip or buy box is not a bad place to accumulate with a backup to cost average in if she or whatever alt your chasing goes lower. short term on the pump look for profits at that 3ish range n up depending on market conditions. BUT yes I do believe Accumulating tons of alts at this later stage in a fairly strong alt n crypto run is sketchy to say the least. just be ready to move fast ie dont get spread to thin in to many places to many alts to many platforms. at least thats my 2 cents.
by HustleGrindMomentum
3 Things to Watch before Calling a NEXO BottomNEXO has been pulling back after it reached a 6-month high, but for the bulls to gain control of the market again, you need to watch for these 3 things: 1. Wait for the Stochastic RSI indicator to bounce from oversold readings. 2. The price needs to stay above the 200-day simple moving average. 3. The RSI needs to cross above the mid-level 50. 200-Day Simple Moving Average NEXO’s price needs to stay above the 200-day simple moving average. The 200-day SMA also aligns perfectly with the big round number of $2.00, which provides more confluence. RSI Oscillator Another factor to consider before calling a bottom is to wait for the RSI to cross above the mid-level 50. A crossing above the 50 level would signal the return of bullish momentum and subsequently the end of the pullback. Stochastic RSI Indicator Lastly, traders need to wait for the stochastic RSI crossover before calling a bottom; the fast stochastic needs to cross above the slow stochastic. Additionally, it’s better to wait for the stochastic RSI to bounce up from oversold readings. This will ensure again that NEXO is ready to climb higher.
by cryptohopper