Nexus (NXS): Two Potential Corrective Pathways

in nexus •  2 years ago 

SUMMARY

Nexus (NXS/BTC) shows frequent vertical price moves and is the strongest evidence of severe lack in liquidity. IF you own this coin and again see it going up vertically; it's ideal to start taking profits because such vertical moves cause 88% to 92% retracements. However, as Nexus becomes more widely held, listed on more exchanges and trading volume increases; the liquidity trap would not be as evident. The below chart shows an ABC corrective price pathway but it might be too simple. Regardless, a lower low often follows a vertical move; case in point the smaller second vertical move needs to be processed in price churn.

The more likely pathway might be as shown below in blue. IF the WXYXZ has it so that the Z wave becomes an abcde triangle pattern; it could bring the correction well into the April time zone. This would fit the makings of a complex combination correction.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Great stuff! Upvoted and followed!

Thanks for the information, I do not have this currency, but I try to learn a bit of cryptocurrencies.

Can we get a new XVG Verge analysis thank you

  ·  2 years ago Reveal Comment

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Nexus perplexes me to no end.

Last August say a 300% gain, and held steady for a number of weeks, then a fall. Loitering down at around $2 for some time, flirting once or twice with a resurgence, but not to be.

Then December comes about, which saw a bouyant market, it jumped to $13 dollars, unheard of. January saw the slaying of prices across the board.

Is nexus the victim of simple pump and dumps or is it a sign of a coin attempting to break out and establish an independent life??? Perplexing to say the least.............

  ·  2 years ago Reveal Comment

Shot coin? Not at all, I actually quite like the premise, if not overly ambitious.

Let's face it, it would be the first genuine coin to experience a pump and dump.

An interesting point someone made a few months ago after the last big upsurge was that it could be in relation to the controversy around net neutrality.

Many variables and all that.......

Price is sitting in weekly demand and low on the curve now. Consider waiting for the breakout, then buy on a pullback.

I've really wanted to take a position on nexus but never been able to get in at the right time. I hope the dip can hold until payday!
Maybe you should see if you can solve the unsolvable riddle I posted! ;) Everyone seems to get it wrong.

Nexus is a strange coin, in saying that I wouldn't buy in at over $3 a coin, so I think you will be fine for the time being.

Best of luck with it and keep us all updated with how you get on.

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
EOSEOS5.758$-9.22%-27.33%
NXSNexus2.550$-9.4%-10.21%
QAUQuantum0.160$-7.6%-21.64%
WAVESWaves5.396$-9.14%-20.45%

thanks for the review of Nexus. this is the one coin that has been the easiest to accumulate. As you've suggested, once it spikes i sell and buy on the dump.

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