NXT found support and is quickly working through the cloud!steemCreated with Sketch.

in #nxt7 years ago (edited)

nxt.png

I love the momentum that these cryptocurrencies have behind them once the market realizes the direction that we're headed in. It's pure human emotions portrayed in candlestick price movement and wonderful, at times exhilarating to watch. NXT has been coiling up on the 6hr RSI and broke out of the oversold area.

6hr:
NXT 6hr.png

The 12hr just crossed on the RSI while still in the oversold area and is currently sitting at the lip of the cloud which is probably why we're trading at the current range on smaller time frames. I'm loving the strength in the market.

12hr:
NXT 12hr.png

On our daily chart we can see the we have only just crossed upward on the RSI which can be an indicator that for the next few days NXT will have very positive growth, however the daily likes to cross a few times before truly getting going with strength so we might have to wait a day before this cross really materializes.

1day:
NXT 1day.png

The next few weeks look bright!

Peace, Love and Light.
Mark

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Hi Mark, I am a fan of NXT. I am holding a few and now I think I may buy some more. Very nice analysis.

Nice @rexhafiz, I'm happy to hear that! I wish I had to some spare btc so I could add to my NXT bag...

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