NexoAfter the big drop at the beginning, Nexo been oscillating in a triangle pattern for a long time. If Nexo breaks this triangle upward successfully, it could be a start for upward movement. Let's see what happens.
NEXOWETH_2615B8.USD trade ideas
✴️ Nexo Consolidation Triangle (100%+ Potential Growth Possible)I see this growing... Here we can see Nexo trading near support with a bullish RSI, reading 50.
The MACD is about to cross to the bullish side and we have this consolidation triangle that has been holding a base for long.
NEXOUSD is moving above the triangle trying to get out of a bearish trend.
I believe it is only a matter of time now before this pair breaks bullish and produce a nice advance, this can happen within days.
Things can extend and this happens often.
✔️ When we want to see it grow within 3 days, it takes 2 weeks.
✔️ Sometimes we are ready to wait 3 weeks and it takes 2 months...
It is real, it is what happens...
It is what we normally see.
To succeed when a situation becomes like this; Patience is key .
Namaste.
NEXO token - Great company, good token to invest, but not nowNot complaining about Nexo
I'm using their service since 2019 and loving what they provide !
They will probably become leader in the crypto borrowing niche in a very near futur.
They did well through the liquidity crisis of this bear market, so I believe in them.
About investing in this token, here is my opinion, for futur reference:
- short term : impossible to predict what is going to happen in the next weeks, but I would say altcoin are still at risk because we are not in a bull run, and 2023 will most probably a long and boring accumulation year, with that crappy recession on it's way. I would keep a bearish biais on the very short term, but I care more about longer time horizon
- medium term : I think we will meet good long entry point later in 2023. Just look at the montly graph in both BTC and USD pair, it just look that it needs to deflate more. Then enter sideways for many weeks, that's when I'll look for big bag purchase ! I already did a very nice bought of NEXO token at 0.12 in the previous bullrun and had a nice 15x on my trade. So I'll patiently wait for a similar market structure to unfold before entering !
- long term : I'm not good on price prediction, but if everything goes well, the NEXO token should at least make new ATH and maybe reach some 10$+ price range ! Let's see !
NEXOUSD Buy but limitedNEXOUSD hit both the MA50 (1d) and MA200 (1d) today.
The long term pattern is a Triangle that is limited by a Falling Resistance.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.8500 (Falling Resistance and +53.50% move).
Tips:
1. The RSI (1d) is still only 60.00, indicating that until its usual deeply overbought tops, there is still room on this uptrend but only short term due to the Falling Resistance.
Please like, follow and comment!!
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Nexo and EMAs to watch$nexo #nexo stuck at 200EMA on H4. Found support at the 50 EMA after it had been acting as resistance.
Want to break through 200 EMA and not lose the 50 EMA otherwise retest of local lows in sights.
——————————————————————————————
Top 10 trading tips:
1. DO NOT FOMO into a trade. Let it come to you. Don’t force it.
2. Find a strategy that works for you and be consistent. Operate like a machine and less like the wind.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, know your target AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. Set your trade parameters up front so you keep your self accountable and remove emotions from the equation. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Don’t enter a trade based on one indicator.
10. Horizontals > Diagonals
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Nexo ATH SoonNexo is one of my biggest Alt bags. I believe in this company long term, and I am seeing a nice long trade set up here so I thought I would share.
EMA ribbon and both Super Trends flipped bullish on H12. RSI and OBV both in up trend.
Short term, I see a move to 2.91 very likely after rounding out a bottom and breaking 2.53 horizontal resistance level and retesting. Close above 2.68 on H12 would confirm strong move up.
Within next 2 weeks, 3.05 to golden pocket.
By EOM, 3.43 would be next.
Once NEXO closes above 3.43, I will be looking for a long play to 4.82 as the next power move up.
1st PT - 2.91
2nd PT - 3.05
3rd PT - 3.34
Long term PT - 4.82
Nexo closed above $2.58The reason I'm so bullish on NEXO is mainly Bitcoin. People and now banks, corporations & countries are buying it at a record pace. Not to trade it but use it as a store of value. NEXO will enable you to get your hands on your bitcoin holdings without selling it through collateral backed loans at 0% interest. I believe
NEXO will rise with bitcoin as it gains in popularity. Watch the video from the CEO of Nexo that just posted on CNN.
Fib Channel Price Prediction for NEXOFull Disclosure. This is my 1st attempt at using the fib channel. With Nexo having very little price data as it is a very young company, seemed like a good time to try something new. I did watch a youtube video on how to use the fib channel, so I should be an expert:) Based on what I'm seeing on the chart it looks like a best guess on price to be around $5.00 dollars by summer. (Not Investment Advice)
Watching for Nexo breakout of daily sideways consolidationClose above $2.58 and cross above 100 CCI 30day close could signal new medium term bull run for NEXO,
Chart says it all. Not financial advice:)
Nexo Fighting ResistanceNexo Working it's way throug resistance being supported by current upward trendline. Looking for some positive news/releases, and hoping that the final dividend distribution taking place tomm (voting is a landslide for interest in lieu of dividends) wont crash the price back down with a massive dividend selloff.
Nexo stated that dividend distribution comes from open market acquisitions, but would find this hard to believe considering they would be issuing an instant distribution of 20+million in tokens which would major spike the price if the acquire all at once where years past they accumulate bags for distribution over time. I'm still bullish on NEXO longterm so lets hope all those CEL fans like the copycat model that NEXO will be moving to and the price has the same affect in increase and in stability with BTC drops.
Nexo Recovery EffortNexo got news of governance voting (which i'll be voting no on) in lieu of dividends which gave the intial fomo buy in with the low price range we are trading in with the start to recovery with btc behaving last few days. Immediate rejection at our prior resitance ~2.85. will be looking to build momentum up and retest this area to try to get back above and build as a new base of support moving forward. Good Luck out there, blood in the water
Quick ThoughtJust a quick markup to look back on this week while I re evaluate NEXO path. Quick glance looks like we may be developing a bullish bat pattern following the ascending triangle breakdown that appeared to be tracking nicely pre Elon meltdown comments. With a lot of announcements on Nexos horizon in near future, and the dividend around the corner, I'm looking for a bounce from the current support to get us back into the ascending channel. Will revise with a full markup when time permits this week
Remix - $5 IncomingNexo winding up again. Been watching for the last week or so and looks good to play out on most timeframes. With some major announcements and dividends on the horizon, low targets set $4.25 $5 and some upper targets for the year getting us into the double digits. Been fun watching this one. I
NEXO- Ready for BIG Candles?NEXO finally broke the BIG 2$ resistance and it seems like we found support around 1.80$, but now the 2$ level isn`t a big resistance anymore. I guess next Week we will see some BIG candles on the 1D Chart. NEXO wasn`t affectet hard by the BTC price till this week. Now NEXO is affected by BTC much more than befor.
At the moment it is hard to tell if it will break trough 2.80$ from here, it depends on the moving of BTC, if BTC continue the dip i think NEXO will fall to .80 maybe we will find a support around 1.20 if we are lucky.
If BTC goes UP toward a new high it will be possible for Nexo to Breakout and mark a new ATH before BTC. Up to 5$ if we are lucky. Around there will be the next big restistance that i see.
Wait for retest/confirmation in the support/resistance zones on smaller timeframes like 1-4H Chart.
Worst case scenario will be if we have a much bigger dip then now or Nexo will have very bad reputation from somewhere. If thats the case i think it is possible to go back to .25.
We have to remeber that the next weeks announcements from NEXO it self will affect the price but also the things that dont work or stopped working will affect the price.
So be careful and be ready to go back in or load up some more.
PS. sorry for my rusty english xD
NEXOUSD UPDATE - things are following along nicely. Look for continued consolidation into end of march/early april with a strong bounce off the trend line bottom of triangle and a push to break resistance for continuation up early April
NEXO USDbeen following this rising wedge since the first bounce. Playing nice within the limits and respecting the fib levels. Volume consolidating, RSI headed south for a nice rounded bottom and push through the current ATH to new heights.
NEXO/USDT 12 Hour Chart Looking into Alt Season 2021In this idea we see Nexo is falling to support and will start climbing in January. This is confluent with my chart of Bitcoin where Bitcoin will fall into a consolidation region approx January 14th. once Bitcoin has stabilized we will enter a 1-3 month alt season. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
Is NEXO ready to get over 2$?Dear Nexonians
The last few weeks were great for Nexo, but now it seems like Nexo is still getting rejected at 1.80 $. It`s possible that Nexo retraces around 1.30$ to load up and break the 1.80$ resistance.
In my opinion its more likely that Nexo keep his level around 1.60-1.70$ and then Breakout, maybe with a retest to the last big resistance at 1.80$. Maybe we will see a little rejection at 2$, because its a psycological Number
Besides that NEXO has still many things that will be announced in the next months like the 2 Bank licens and the Nexo card. I think this announsments will lead Nexo to a New big ATH.
Pls tell me your opinion on the price action in the next days/weeks.
Ps. it is my first publishing please don't be too harsh.
Nexo breaking from a squeezing wedge?For entertainment purposes only. FB and likes appreciated.
Nexo has a choppy yet consistent pice range lately, lots of buys and sells to keep it in a mid range. Congrats to anyone who got this below .10.
Currently it broke out of the .23 Fib range which was one of my measured sup/resistance. It could be in a squeezing triangle. I can't wait to see what happens if it breaks out. O_o
Nexo/USD, Buy formationApproach -> accumulate at the zones highlighted on the chart
Confidence -> medium/high confidence
Reward - > 150%+
