Crypto Screener Forums Emerging markets – TA – Forecast Next (NXT) Forecasts – Technical Analysis

This topic contains 2 replies, has 2 voices, and was last updated by MrHanna MrHanna 1 year, 5 months ago.

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  • #897
    margincall
    margincall
    Keymaster

    This is the thread for analysis on the Next (NXT) markets.

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  • #1092
    MrHanna
    MrHanna
    Moderator

    Next performed very well and we hit all our targets that we aimed for.

    We can see resistance is currently at $1 forcing a small a correction back down below $1.

     
    nxtusd forecast December 2017
     

    The market is very bullish and if the buying pressure continues you can expect a breakout trade above $1.

    Longer term support is at 75c, this is also where the stop loss lies for the remainder of my position from November.

    #898
    margincall
    margincall
    Keymaster

    I am taking a birds eye view of the Next markets on the 1 week candles. We can see a very bloody 5 months and formed what looks like it could be a trend reversal.

    Next can easily do a x4 or x5 from here, the timeframe is anybodies guess.  Support at the moment is between 700 and 1000 satoshis. I am nibbling on some NXT in this price zone.

    Sell orders in at 4000, 5000 and 6000 satoshi. This is a long term trade recommendation.

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