Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about NEXO
NEXO Bearish pennant Formation in 12H Timeframe✍️
In Case of Breakout Expecting Massive Bullish Wave📈
📈 BINANCE:NEXOUSDT SIGNAL
✔︎ENTRY : 1.462
🏓TARGETS :
✔︎ T1 : 1.660
✔︎ T2 : 1.859
✔︎ T3 : 2.103
✔︎ Long term T4 - T5
✘ STOP : 1.360
🚦Stop Trigger:
• If you make capital management: Stop is activated when one candle opening and closing
below the stop level of the same time frame of the signal.
• If you don't make capital management: Stop is direct without...
Nexo Reversal dates on chart
Expected Cycle top @ 1.82
horizontal lines are Support/Resistance .
Vertical lines are time pivots .
The most accurate Gann tools here.
Jinny Gann
Appreciate your Comments.
GL
Hi Everyone;
today we have one of the Interesting coin.. NEXO
My TA showing almost 23 Risk to rewards, but looking to the accumulation phase I expect more than that, let's give it a chance.
Just simple elliot wave counting possibility. Tradingview does not want me publish just 1 sentence, so I will try my best explaining the count. Elliotwave is a simple method made by mr Elliot (search in google) by counting the market wave pattern. His pattern consist of 5 waves. Since the law of the market can be counted, according to mr Elliot, in 5 wave signal....
**Short fundamental analysis of Nexo (NEXO)**
* Nexo is a centralized cryptocurrency lending and borrowing platform that offers users high interest rates on their deposits and low interest rates on their loans.
* Nexo has a strong focus on security and is one of the few lending platforms that has been independently audited by Armanino LLP.
* Nexo has a large and...
bullish descending triangle pattern
What Is a Descending Triangle Chart Pattern?
A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern.
A descending triangle has one declining trendline that connects a series of lower...
In the 3-day timeframe , we observe significant compression, and in the recent corrective waves, we witnessed higher lows for Nexo. If it manages to break above the $0.68 region and gains momentum, the growth of Nexo will initiate
NEXO is on my radar.
2 possible plays.
1.larger cup and handle for 11% gain which may take a few weeks to play out. Smaller shorter play is playing the channel.
2. It is breaking out of the descending channel i would add leverage to this. I'm not a huge fan of this project so make sure you have a stop loss
Direction: Long
Market: Futures
Risk: 0.25% - 1%
#USDT_NEXO
Exchange: ANY
Timeframe: 360
TP1: 681
Entry: 658
STOP: 643
Entry Conditions:
| Bit late to this signal but the hard part has been done in breaking the resistance following a bullflag breakout.
NEXO has broken down 200EMA on the 4H Timeframe.
50EMA has broken down 200EMA (1H TF)
RSI is below 50 points (4H, 1H and 30m TFs)
I think the asset will go down after fixing below the support level.
nexo usdt is on stong support on monthly time frame with traingle breakout out on weekly time frame so i expect amove from 50 to 150 percent from here it is low risk signal but may take some time to happen
◳◱ We have identified both a Super Trend pattern and a Resistance Breakout on the $NEXO / CRYPTOCAP:USDT chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a...
