After a massive bull run POLONIEX:NXTBTC is down by 75% and is back in accumulation zone. The price bounced from the support zone, RSI, Momentum and MACD confirms the price reversal. Once the trend line is violated pending orders can be placed at 0.000038 level with stoploss at 0.00002450 level. The possible targets are 0.000071 level and If you are looking for long term trades, the profit target should be at 0.000097 level. Also it's possible to open such trades based on the current prices with 10% of the capital and remaining after more reversal confirmations
Agreed in the analysis.. Good fundamentals as well for long-term invesments!
FuturePointInvestments
⋅
Any update expected this day?
Sameer_Basha
⋅
@FuturePointInvestments, As long as BTC is volatile all the altcoin will follow the same. For the analysis to work BTC needs to be stable.
Will update if i find any possible reversals.
FuturePointInvestments
⋅
@Sameer_Basha, Thanks for a quick reply. Agreed, holding with a SL.
JirehEspena
⋅
Thanks for this analysis! it helped me decide well :)