Nexo has been on an absolute tear from the Fall of 2020 and the momentum looks to only be picking up. A major breakthrough at the 0.618 Fibonacci level followed by a strong ~20% pump into a new ATH indicates a continuous push well into the 1.618 and 2.618 fib levels. $4 and $5 are major levels to watch out for and keep in mind for possible profit taking opportunities.
Massive increase in userbase and huge upside momentum are on the side of Nexo. The price has stabilized around $1.70 for the past few days and it is holding strong. IMO Nexo is looking to break up through 2 fib levels and test the resistance at $2. Let me know what you guys think.
Once 16700 is crossed and is confirmed I will be opening a long position to ~18800. If we are rejected expect a correction to 15900 support. Let me know what you think.