I'm very optimistic about Nexo Coin's potential.Nexo Coin is currently offering interest rates of up to 12% on USDT, USD, GBP, and EUR. As a Swedish broker, Nexo provides insurance on its clients' assets in the event of a hack, a unique feature not offered by other companies to my knowledge. Based on my quick analysis of the trading range, it appears that the market is testing the lower border levels. However, from a fundamental standpoint, I believe that there will be increasing demand for Nexo Coin due to the attractive interest rates offered on real-world currencies.
Hold onto your hats because I am positively bullish on Nexo Coin! This crypto sensation is sending shockwaves through the market, and I am thrilled to be a part of the action. Trust me when I say that this coin is not just another run-of-the-mill cryptocurrency; it's a force to be reckoned with. So, buckle up and get ready for the ride of a lifetime, because Nexo Coin is about to take the world by storm!
NEXOUST trade ideas
NEXO/USDT - Nexo: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $NEXO / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.692 | 0.744 | 0.846, and the major support zones can be found at 0.59 | 0.54 | 0.438. Consider entering a trade at the current price zone of 0.764 and targeting higher levels.
◰◲ General info :
▣ Name: Nexo
▣ Rank: 93
▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc
▣ Category/Sector: Financial - Lending
▣ Overview: Nexo offers crypto backed lines of credit and interest-bearing crypto accounts.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.764 ₮
▣ 24HVol: 1,437,271.267 ₮
▣ 24H Chng: 2.139%
▣ 7-Days Chng: 18.93%
▣ 1-Month Chng: 7.03%
▣ 3-Months Chng: 17.35%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.692 | 0.744 | 0.846
◢ Support: 0.59 | 0.54 | 0.438
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.08
▣ Last 90D: 0.81
▣ Last 1-Y: -0.92
▣ Last 3-Y: 1.25
◲◰ Volatility :
▣ Last 30D: 0.65
▣ Last 90D: 0.55
▣ Last 1-Y: 0.85
▣ Last 3-Y: 1.47
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.52 - Bullish
▣ Reddit sentiment score is 0.33 - Bearish
▣ In-depth NEXOUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
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Crypto Nexo (Another BlockFi or Terraluna killer?)View On NEXO (21 Feb 2023)
Nexo is very similar to the now defunct blockFi but it survived the last crypto meltdown.
Nexo coin can be used as collateral to enjoy better interest payout.
So, we can say there may be some kind of demand for the coin.
Since it has dropped from the high of $5 and now it is at 0.75ish, I reckon we shall see some pull back UP first.
$0.9 to $1 will be a good target region.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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The high degree of leverage can work against you as well as for you.
Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
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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
Nexo token formed a bullish Gartley | A Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Nexo token with US Dollar pair.
On a 4-hr time frame, NEXO has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
#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
💡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
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💡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 ❤️
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.
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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
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
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.