4 Hour Consolidation on NXTNXT is currently consolidating after making a large move upwards. I believe there is more room to go. An entry signal would be the close of a 4 hour candlestick above 1600.
The next resistance after 1600 is 1800. Here is my daily chart to support that comment.
EXIT SIGNALS:
Could sell at the break of the equilibrium pattern support
OR
Sell at break of key support level.
ENTRY SIGNALS:
Enter at break of 1600 resistance
OR
Enter at break of 1800 resistance.
Alternatively, you could enter now and potential grab even higher % gains - however, much riskier imo
DISCLAIMER:
This is just my opinion so take my advice at your own risk! Good luck and happy trading everyone :]
NXTBTC trade ideas
$NXT is going placesNXT is firing up. With the airdrop of IGNIS for all NXT holders end of december slowly coming closer i feel this could just be the start of a big rally.
We just had an 1 to 5 legs up and an ABC correction of that whole move seems complete. My short term target is in the chart, long term in december hard to say but i wouldnt be surprised if we go to 4k sats and beyond.
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NXTBTC Trade Idea !NXTBTC dropped as ow as possibly could! Last low, end of wave Y in place.
One could enter the trade for mid to long hold with good profit potentials. I need to add since NXT has an upcoming Fork towards the end of Dec 2017, upside could be just few weeks away and not necessarily become a long hold into the next year ! Try to take a position on the shorter time frame, H1, for a better entry ! Targets are on the chart including the last one, exit as you see fit and satisfy with profit margin.
NXTUSD could be taken into consideration for exit also.
NXT - Waiting for breakout NXT corrected down to the 88.6% fib level, currently sitting on old support line.
Daily Chart:
MACD is flat but can cross soon(0)
RSI coming from oversold region, crossed and is pointing upwards (+)
Market closed below Bollinger Bands (-)
Buy volume catched up on the last days (+)
4h Chart:
Inside Bollinger Bands
MACD crossed and heading upwards (+)
RSI coming from oversold region, crossed and is pointing upwards (+)
Second pump closed above Bollinger Bands (+)
Some spikes in Volume (0)
RSI for smaller timeframes are are already inside oversold region.
We might see a retest of the support (oversold for lower timeframes) but i think many indicators signal a possible retest of the resistance at the top of the downtrend-channel.
Stop loss should be below blue line, for trading it safe wait for breakout of the red downtrend-channel.
NXT VS BTC, on bittrex go long on this coin its a staking coinThis coin has a different mechanism for securing the network or to say by means of staking which the coin says forging as a means to complete transactions! Its a long term coin keep an eye out for road-map! the coin is inflated a bit has about 1Billion in circulation so dont expect 200-500% moves in a week! Goodluck staking/forging it!
I personally think its a gamble! there are better coins out there but this one caught my attention cause of the word forging used instead of staking! still researching about this coin! but it has almost hit bottom so good buy! but its a patience trade!
Ready to break out, might wait for a nice buy in pointIt seems like only a matter of time until NXTBTC breaks out. Current price not even comparible to ATH prices, although we will most likely see a retracement in the coming days, once MACD and WT cross over to reach buy levels again we may see finally see a reversal in price.