NXT / Bitcoin
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NXT - What's next?

6084
So as expected NXT dropped hard to exactly the target we defined!. I posted the analysis on the 25th, so hopefully some of you got the chance to get out before the huge drop. I also explained why IGNIS isn't worth taking the risk.

You can see the previous analysis post in here:
NXT - Caution!! will drop a lot soon




So now whats next? Well the RSI (Relative strength index) is showing that NXT is over sold, also the MACD is bullish. That said I'm expecting a small rebound in the coming few hours.
I will need some more time to look at how the coin behaves with such volume after the majority sold out before being able to provide targets.
I will keep updating this post regularly from this moment, so if you are in NXT or a NXT fan/holder stayed tuned.
Not
Small mistake, the origianl NXT idea was posted the 24th not the 25th
Not
5 min candle chart:

Rsi is near overbought
MACD isn't looking so good

1 hour candle:

RSI is near oversold
MACD is looking good

Meaning don't expect the coin to fly in few mins. within an hour + I can see the coin moving up.
Not
Bearish Ichimoku Cloud
Underbought RSI
Bullish MACD
Not
In other words....no clear idea yet.
Not
Ok now that some time have passed, we kindoff have an idea of the trend:
Its in a falling wedge which usually tends to break upwards, if it does, a first target is indicated.

<deleted>
Not
Broke up from the falling wedge.
Not
Ok so in 1 hour candle, NXT is bearish still. If this changes anytime I will update the post. Its hard to make possibilities in a 1 min candle chart.

<deleted>
Not
Sorry guys I forgot to update you on this.
The last update I mentioned that NXT is bearish, and it still is.

One asked me if he should buy a lot of NXT because its so cheap now, so I replied back to him with no, NXT might go to the low mid 3k sat range, and indeed I'm seeing a movement in this direction.
Not
Rising Megaphone.
I believe we are heading to 4.2k sat, maybe more.

SELL LOSS!! as usual, watch out from BTC and have a sell loss.
Not
Thats what I'm talking about

NXT
Not
IGNIS is now on bittrex!! you can trade it.
İşlem kapandı: hedefe ulaştı

Feragatname

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