NXTBTC trade ideas
NTXBTC Bittrex$NXT trade setup. Previous target reached in a couple of days (95%). Next leg looks promising with $NXT currently trying to break out of a bullish pennant. Conservative entry above break of resistance for a 35% profit. $IGNIS airdrop December 28 on Bittrex will likely help push the price up.
possible NXT super fomo before IGNIS?Few scenarios I see in the last few days leading up to the IGNIS snapshot, normal target of around 14ksats with the potential of super FOMO and shilling to 20ksats in the last 24-48hrs leading up to the snapshot.
Sorry for the eye sore but its the way I do things
NXT update, see you at 20kJust a follow up to the other chart from the other day that has just about played out exactly to a T. Primed for the final push to 20ksats in the last 48hrs before the IGNIS snapshot. I expect a dip sub 12k then start the trek up.
Note, there is still a chance it gets rejected on a retest of 14k if it doesn't build enough momentum (or funny stuff with btc) but i'm still confident on it reaching 20k.
Give yourself a late Christmas present ;DFor those of you who already own NXT you is wise! Those considering buying, you probably shouldn't wait any longer cause this is probably the lowest it will be for the next several days...
NXT platform is releasing Ignis coin as a FREE airdrop to all NXT hodlers at a 2:1 ratio-- for every 2 NXT you own, you will get 1 Ignis coin (badass right?) :) "FREE you say?" yeah bro, free money right after Christmas. Perfection.... Make sure you're hodling until the 28th to receive coins.
Currently BITHTC is trading Ignis futures at around $2.78/coin... What's strange is I can't find a definitive answer ANYWHERE for what the tradeable Ignis coins initial price will be.... It would be dope if it's close the futures current price.
Click the link below to check if your exchange/wallet qualifies for the air drop and some light reading about the project.
nxtplatform.org
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NXT address: NXT-97H4-KRWL-A53G-7GVRG
NXT falling wedgeNXT currently in falling wedge indicative of a upcoming bullish trend, will either bounce off MA20 (which also correlates with the falling wedge) or break through and find support at the MA50 support line.
RSI trend moving back from overbought, suggesting that it may be ready for another bullish run, however MACD still bearish. Despite this, upcoming news of December 28th IGNIS airdrop suggests a bullish trend upcoming.
If entering trade, wait for close above falling wedge and volume to support this movement, however, this is still a risky trade since it is currently at an ATH.
NXT/BTC run up to Ignis Airdrop Some of you have asked me to make a Bittrex NXT to BTC version of my NXT to USDT chart. Here it is.
For those of you just joining us, please check out my charts on this coin. My predictions have been fairly accurate since December 5th.
The rebuy zone has already passed from the USDT chart has already passed.
On the BTC chart you can see a clear symmetrical triangle forming. A note of caution: a symmetrical triangle is neutral. Another note of caution: a symmetrical triangle can turn into an ascending or a descending triangle over time.
That said, I've added in blue arrows indicating what I think will be the most likely path over the next 2 days. When the price touches the 1.6 fib extension, I will need to recalculate for the next leg.