There is possibility for the beginning of uptrend in NXSBTCTechnical analysis:
NEXUS/BITCOIN is in a range bound and beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 49.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would begin.
There is possibility of temporary retracement to suggested support zone (0.000193 to 0.000100), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.000193)
Ending of entry zone (0.000100)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00026
TP2= @ 0.00036
TP3= @ 0.00046
TP4= @ 0.00056
TP5= @ 0.00095
TP6= Free
