NEXO/USDT

My charts are simple, to the point. I hate to see a lot of trendlines, indicators bla bla as I strongly believe trading doesn't require all those gibberish analysis that really confuses instead of simply explains things. Support and resistance is all i need to make 80% of my analysis, I put up indicators when I just want to get confirmation of my hypothesis

So as always, I bring you another simple analysis:

NEXO/USDT

W formation, or double bottom. You can also see it as a symmetrical triangle that will break bullish on all larger timeframe

SL: 0.70
TP1: 2.00