RCN is set for a reversal. Profit targets as follows: TP1: 20% TP2: 30% TP3: 50%
Start ranging NXS to BTC Heartbeaters.. Extremely magnetic Axis has formed..
Nexus long term consolidation breakout within the next 3 - 4 weeks
Interesting project. Potentially solving crucial problems in crypto.
It could rebound here, also on Fib from breakout to ATH, this level is the 61% retrace so maybe the start of wave 3 on the daily. RSI looks low on daily also. This chart is formatted log so it looks like there is a respected trendline on the daily. Nexus is a cool project and it looks like everyone dumped after the conference, maybe they paid P Schiff in Nexus...
My point of view for the next few days on Nexus, good time to entry when you know the potencial of this coin.
Publishing "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.
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...
0.00026700 strong support. Thinking of buying in, subjects to the candlesticks in the next few days.
Nexus might go through old support and resistance levels. Looking for buy-in at lower and probably much stronger support area which possibly turns NXS open to long-term buy.
Near historic lows, volumes currently low, time to buy, one way to go up.
Nexus 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...
Price action, CCI, and MACD has really big divergence. Just hoping volume won't be a big problem. Use the stop loss and take profits as guide.
Bullish at the moment. Some good news arrived. Entry 63k-65k sat. Short term targets 73k and 80k sat.
Nexus ready for a pennant breakout which would lead to a ATH. The big Nexus conference in Aspen, Colorado will start on Sep 21st - 23rd For more info visit their website: www.nexusearth.com Buy the breakout for confirmation. TRADE AT YOUR OWN RISK
NEXUS trend continuation. Entering at a pull back of a lower time frame (15-30 min). Fibonacci target as described. GL!