NXT / Bitcoin
Long

NXT - Waiting for breakout

235
NXT corrected down to the 88.6% fib level, currently sitting on old support line.
Daily Chart:
  • MACD is flat but can cross soon(0)
  • RSI coming from oversold region, crossed and is pointing upwards (+)
  • Market closed below Bollinger Bands (-)
  • Buy volume catched up on the last days (+)


4h Chart:
istantanea
Inside Bollinger Bands
  • MACD crossed and heading upwards (+)
  • RSI coming from oversold region, crossed and is pointing upwards (+)
  • Second pump closed above Bollinger Bands (+)
  • Some spikes in Volume (0)


RSI for smaller timeframes are are already inside oversold region.

We might see a retest of the support (oversold for lower timeframes) but i think many indicators signal a possible retest of the resistance at the top of the downtrend-channel.
Stop loss should be below blue line, for trading it safe wait for breakout of the red downtrend-channel.

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