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

CryptoKraze here

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

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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ehujra (61) · 7 years ago

Thanks bhai

$0.04

1 vote

cryptokraze (72) · 7 years ago

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

$0.00

varunpaherwar (48) · 7 years ago

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

readen (13) · 7 years ago

I'm mining with:
-Hashflare (cloud mining bitcoin) https://hashflare.io/r/13062913-1 (i prefer it )
-Genesis Mining https://www.genesis-mining.com/a/2140766 (3% promo with this link)
and trading on Binance for altcoin https://www.binance.com/?ref=11789561 ! :p
made a lot this year :3

buildawhale (74) · 7 years ago

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