Nexium is clearly trending upwards while making higher highs and higher lows on a Daily timeframe. It continues to reject the uptrend trendline and currently is trading at $0.21, above the 200 Moving Average.
While the uptrend remains valid and Nexium is above the $0.13 support, buying opportunity remains, with a huge growth potential. The first real strong resistance that NXC/USD must overcome is at 61.8% Fibonacci retracement that is around $0.33 area. Break above should result in an exponential growth and could reach $1.35 within a relatively short period of time. Only a break and close below the $0.13 could invalidate bullish outlook.
While the uptrend remains valid and Nexium is above the $0.13 support, buying opportunity remains, with a huge growth potential. The first real strong resistance that NXC/USD must overcome is at 61.8% Fibonacci retracement that is around $0.33 area. Break above should result in an exponential growth and could reach $1.35 within a relatively short period of time. Only a break and close below the $0.13 could invalidate bullish outlook.
Commento:
Nexium is looking good, but could take some time before it shoots up
Commento:
Hope you don't miss that train....
Commento:
Huge growth potential as it breaking above the resistance
Commento:
Current price $0.3.. is it cheaper than dirt? Soon we'll find out :)
Commento:
Nexium support 0.2 if broken can consolidate, but for now holding, watch this level
Commento:
Expecting continuation of the uptrend, its looking good
Commento:
Second resistance broken, Nexium continues to grow
Trade chiuso: obiettivo raggiunto:
Closing NEXIUM at the second target, needs to break higher to continue growth