Written by S3052.
Cryptocurrency Trading: NEW and First Coverage of NXT
As part of our “free cryptocurrency trading week”, we start covering the cryptocurrency trading forecast for NXT. NXT has a market capitalization of 12.53 $ million and is trading at 0.012530 $ at poloniex. In bitcoins, this amounts to 0.00005051 BTC per NXT coin.
NXT Forecast (NXT/BTC)
Long Term
NXT is in a persistent downtrend.
Trend DOWN. Bullish only above 0.00007 (target 1: 0.00009, target 2: 0.001445 = the previous all-time high).
Short Term
Since there was a panic sell-off this morning with huge trading volume, there is some room to the upside short term. NXT prices could quickly rally to the 0.00006 - 0.00007 area.
Trend UP as long as 0.00004012 holds. Bearish below this morning’s 0.00004012 low.
We will keep you posted here during this week.
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Have a great Cryptoday!
@S3052
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Happy trading and have a great BITday!
Disclaimer: Please always do your own due diligence, and consult your financial advisor. Author owns and trades bitcoins and other financial markets mentioned in this communication. We never provide actual trading recommendations. Trading remains at your own risk. Never invest unless you can afford to lose your entire investment. Please read our full terms of service and disclaimer at terms-conditions-disclaimer/.