NIX Chart Analysis With Targets (280%+ Mapped)

4 Nis 2020

About NIX

NIX Platform describes itself as a privacy currency and multi-layered interoperability platform that enables anonymity-focused decentralized applications (dApps) and smart contracts. It reportedly provides the option of adding a privacy layer to any blockchain. NIX is stake-able via LPoS(Leasing Proof of Stake) and supports Masternodes.

Source: Coinmarketcap.com
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Let's start by looking at the weekly chart for NIX (NIXBTC):

• Here we can see prices consolidating within a range.
  
• The ATL was hit in Dec. '19.
  

Back to the main chart above, NIXBTC (D), we have some mixed signals but the bulls have the upper hand.

Today, prices for NIXBTC are trading above EMA50 and MA200 (black line), which is a positive signal but the daily candle needs to close first for confirmation.

You can find additional targets if you zoom out the chart.

Thanks a lot for reading.

Namaste.