NEXOUSD trade ideas
NEXO in Aug 2020: Long or ShortIt's rare to find a good cryptocurrency project among hundreds of failed, scam projects.
NEXO is one of those, for those who have followed NEXO from first days, it will not be hard to see the possibility of their success in the future.
The Crypto Market 2020 seems to be getting back on track. Can Bitcoin break the old peaks or can Ethereum successfully update to version 2.0? All of which can affect to NEXO's price.
Technically, the ability of NEXO growth in 2020 is entirely possible, fundamental analysis also supported this.
I'm looking at $0.40 in the next 6 months to 1 year.
This analysis is for reference only. Not an investment advice. Disclaimer!
Good luck guys!
Nexo Longterm coinHi Im Nexo and I want also to be friend with the Altseasen!
it seems we have broken 0.20$ and heading for new ATH. This solid project was trading at 5$ Last year in a korean exchange. So i think we hav e good opputunity to get to 5$ soon.
I am a huge fan of DEFI so enter... NEXOThey have already claimed over 50 million $$$ in profit from loans and distribute 30% of that to it's token holders. This incentive and backing of insurance on deposits will make this a monster during the next bull run. ALSO keep in mind this is on sexy WEEKLY chart. GOING LONG BABY!!!
PS - OR JUST BUY AND HODL!!!
Aru
NEXO Finding Support On Long Term Weekly Trendline + StrengthCrypto NEXO finding support on long term bullish trendline on the weekly chart. Trendline started in September 2018. Also outperforming its own price when valued in Gold (XAUUSD) From what i have seen this rarely occurs, but when it does a change in trend normally occurs. Long term bullish on this crypto.
NEXO !!! Good oportunity ? BIG PUMP incoming ?Since september 2018 , Nexo is in a triangle , so the break will be amazing..
You can buy if we break , or if we go dawn retest the bottom of the triangle..
Be carreful to the wicks (bleu circle) , and don't forget your stop under the top or the bottom of the triangle (depend where you buy)
Good luck, and good trade..
like if you appreciate , thanks :)
NEXOUSDIf the current promotion works, and more loans are issued, then it makes sense to pay the loan with the native token since it has a lower interest.
Risk:Reward ratio seems good for medium term and a pump will come eventually when they will decide to pay out dividends.
