Nexium is getting ready for another Leg up for 100% Profit

in #bitcoin5 years ago

CryptoKraze here



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In this post I am going to cover technical analysis of Nexium for short term trade. I am using tradingview charts and price linked to Bittrex exchange. Let' have a look on technical aspects of Nexium.



Possibility on 4 Hour Chart

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If you look at 4 hour chart, you will see Nexium has made a big impulsive move and now it is forming a bullish flag. This is very common pattern in crypto currencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to 50 level now, so we have pull back done and next impulsive move is ready. Let's have a look on Bollinger bands, you will notice the impulsive move took the price to top bands and flag has pulled price back to median line, so we have a possibility of next impulsive move soon.

  • I will have a buy entry at 0.00003550 with my profit target will be around 0.00006850 or above.
  • Stop loss just below the entry area is must for trading if you don't know the Averaging Technique in Crypto Trading.


Have a look on my other Posts

Bitcoin Correction Almost Done - Get Ready for Boom

Averaging Technique in Crypto Trading

Steem in Process to Form A Cup & Handle Pattern on Major Resistance Level

TenxPay Technical Analysis | Symmetrical Triangle about to breakout



If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis



Disclaimer
Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose.



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Thanks bhai

I hope you are loving steem profits . Aalaw ho gaya na

Thanks for this i wanted to see more of this coin! 👍

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made a lot this year :3

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