Let's look at the daily chart of NXT. We can see that the price bounced from 0.100000 support level. The market formed a new swing low which can be used for drawing a new uptrend line. This line will be a support and signal line for an upward movement. We have trading opportunity and it's possible to entry the market based on a breakout signal. Pending orders for buy should be placed at 0.118000 level. Stop orders must be placed below the support level and the uptrend line at 0.090000 level. Profit targets are at 0.180000 and 0.240000 resistance levels.
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Very good article. Thanks for bringing this to my attention. Buy low, sell high, it seems so simple but most investors still don't seem to get it :-) This is quite an interesting website I found: https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there. Check: https://www.coincheckup.com/coins/Nxt#analysis For a complete Nxt Detailed report