261.8% Fibs was broken and then rejected as a resistance suggesting that NXT/BTC could go towards the next downside target at 361.8% Fibs, that is 1500 satoshis area. In order for NEX to start gaining some upside momentum, it must hold the support and break above both resistance levels.
At this point, trend down should continue dominating for a little while with a potential short term consolidation after that, followed by a trend reversal.
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