The argument for why NXTUSD will go to $0.30:
-Wave 3 hit almost a perfect 1.618 extension of wave 1-2 meaning the price target is either a 1:1 extension of wave 3 or a 2.618 extension of wave 1-2
-Bullish divergence of the price moving above base-line on 1h, (price is already above base-line on 2h candles)
-Bullish divergence of conversion-line and base-line while price is above a GREEN cloud on 1h candles (already is on 2h)
-Bullish MACD divergence on 1h candles, likely will the 2h candles as well soon
-Elliot move being analyzed is a breakout with massive volume after a very long consolidation phase of almost six months
Elliot wave is following traditional patterns such as
-61.8% retracement on wave 1-2, and almost 38.2% retracement of wave 4
-Zigzag ABC 535 appearing on wave 2 and wave 4 ABCDE 33333 (drawn on 15m candles)
-Wave 3 hit almost a perfect 1.618 extension of wave 1-2 meaning the price target is either a 1:1 extension of wave 3 or a 2.618 extension of wave 1-2
-Bullish divergence of the price moving above base-line on 1h, (price is already above base-line on 2h candles)
-Bullish divergence of conversion-line and base-line while price is above a GREEN cloud on 1h candles (already is on 2h)
-Bullish MACD divergence on 1h candles, likely will the 2h candles as well soon
-Elliot move being analyzed is a breakout with massive volume after a very long consolidation phase of almost six months
Elliot wave is following traditional patterns such as
-61.8% retracement on wave 1-2, and almost 38.2% retracement of wave 4
-Zigzag ABC 535 appearing on wave 2 and wave 4 ABCDE 33333 (drawn on 15m candles)