Hello My Dear Supporters!
There seems to be a bit of interest coming back in NXTBTC. Its no wonder, finding breakouts in these low volume coins is probably the fastest way to make money in trading Crypto. So is NXT ready to GO? Its certainly at a level where it needs to be watched very carefully. This coin could take off at any stage. We have all seen this coin move before!
We are looking at the Hourly chart where we see the 50EMA (The Red Line), well above the 200EMA (The Green line), which suggests momentum is up.
We have seen price after a recent spike up, pull back and is now at the 0.0000233 support level (Horizontal Red Line) and the 78.6 Fib Retracement (Overlaid) which is the last FIB for pullback and bounce.
The current bar is very volatile and bouncing around. This is always a sign there is a fight going on for direction between traders, the outcome of this fight may well decide if we see breakout now or latter. The previous bar has come down and tested our level, and is a very aggressive buy for the very Aggressive trader (Stop Loss tucked in very close, very high reward to risk, buy very dangerous and not for me right now)
I need the current bar to bounce and close above the 200 ema, and the top of the last bar at 0.00002383. If it does we can buy this and look for the ride up.
ENTRY Close of current bar if above 0.00002383
Stop Loss 0.0000230
Targets are just before the Yellow lines
0.00002651 Target 1
0.00002905 Target 2
0.0000497 Target 3
0.000126 Target 4
If this goes we will keep you updated
Quote of the day
"The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher
Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.