NXSBTC trade ideas
Practice on NXS: multiple Fib methods to scaffold ElliottPublishing "notes to self" on a what-if? scenario to test a combination of pitchfork & Fib SR Fan (removed for visual clarity) to determine Elliott impulse wave 5 -- callouts are not recommendations but notes to see how the model performs into early December...
Why NXS? Cause Nexus is an interesting project that gets no love.
NXS double bottom (not confirmed yet!)Let's see how this plays out.
I'm not big fan of lower TF than daily but this double bottom is pretty sexy.
We may see a pump from here and we might see a TK cross with a close into the cloud, that would be the safe entry (above cloud if you really really want to stay safe lol).
This coin already dumped a lot compared to other ones. Project is ambitious so i'm keeping some just in case.
Nexus bouncing up with high probabilityNexus has been following a pretty regular uptrend channel for a long time. As you can see, when RSI fell into the highlighted zone, reversal occurred in a matter of days.
Lately, the volume increased, making the last swing's amplitude double.
The rise was followed by a fall, up to the strong uptrend support, which seems to have resisted once again.
My play here is very precocious: I'd go long, putting a stop loss at 33k sats, and aiming for 53k and 73k.
If you wanna play it safer, just wait for a couple of days, where things will be way clearer.
Nexus Conference This Conference has a ton of big names attending, The Dollar Vigilante has already started making his press releases and indicating support of the project.
Based off other Conferences/ Major exhibits we should expect a rise up to the conference date. we can already see the marketing team push on this asset
NXSBTC - Perfect Chart PatternI invested in this a couple of days ago and logged in today to sell some because I feel like I haven't done enough research before I invested. Before I was about to sell I figured I'd look at the chart.
I don't know what else can be better than what I see here. RSI and MACD show oversold, the candles are bouncing off of the fib levels perfectly on the way up doing the last pump and on the way down from the recent pump. Right now it's stabilizing right at support before the last pump. This creates a 'flag' like pattern which should be ending sometime tomorrow.
It may be only a 10% or 20% increase. But either way, it's looking good for the NXS BTC pair.