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Nexo

TradeCityPro | Navigating NEXO's Financial Waters👋 Welcome to TradeCityPro! In this analysis, I want to discuss the NEXO coin for you. The NEXO project is a payment platform. This coin has always had issues with the US government and has been involved in several legal cases, but now, with Trump as president, it's experiencing a more relaxed environment. 📅 Weekly Timeframe In the weekly timeframe, we are witnessing an upward trend that started from a low of $0.521 and has managed to reach $1.523 with high buying volume and upward momentum. 🔍 After reaching the $1.523 area, a correction phase started, and the price dropped to $0.923, forming a range box between $0.923 and $1.523. 🔼 Considering the size of the candles, price behavior, and volume, it seems that buyers have been stronger than sellers in this range because they have managed to test the resistance at $1.523 three times, weakening this area with each attempt. ✨ Currently, the price is moving toward this resistance again. Given the high market momentum and key indices like TOTAL, this coin could also see significant momentum if it aligns with these indices, potentially breaking this resistance. 🚀 If the $1.523 resistance is broken, the price targets are around the Fibonacci Extension levels of 1 and 1.618, which approximately align with the $2.6 and $4.9 areas. 💵 Regarding market cap, the current price has a market cap of $900 million. Given this market cap, the potential to reach these targets could increase. 📉 In case of a correction, the first significant area is $0.923. A break below this area could signal a trend change. A break below 50 in the RSI could also indicate a trend change. 📅 Daily Timeframe In the daily timeframe, we can see more details of the price movement within the box. As observed, the price in its last upward move has managed to move toward the $1.542 resistance after breaking the previous high of $1.065. 👀 After reaching $1.542 and the peak of buying volume, a price correction began with decreasing volume, correcting down to the 0.5 Fibonacci level. This area is also an important support zone, and the price has reacted to this zone, now moving back toward the $1.542 resistance. ⚡️ Currently, breaking the 60.23 level in the RSI could be very crucial. If this area is breached, considering the momentum entering the market, the likelihood of breaking $1.542 increases. 📈 The best long trigger currently is at $1.542. If the price stabilizes above this area, we can expect an upward price movement. 💥 On the other hand, if selling volume enters the market and we see large red candles, more significant corrections are possible, and the price could drop at least to the previous low of $1.212, the 0.5 Fibonacci area. 💫 In case of a deeper correction, the next support areas are the 0.618 Fibonacci level ($1.144), $1.065, and $0.0950. If the RSI breaks below 50, we can expect a confirmation of a downward momentum, making it a risky move to anticipate further price drops without solid triggers. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
11
NEXO Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: NEXO is trailing in the middle of the support and resistance trendlines. It is interesting to see how the 50 EMA disallows the price from moving further, while the support at $1.170 holds it. A close above the 50 EMA will push the price for a short-term gain of 20%-25%. If the support weakens, consider entering NEXO at around $1.065. Key levels: - Primary Support: $1.170 - Lower Support: $1.065 - Primary Resistance: 50 EMA ($1.22) - Short-term Target: $1.4 to $1.5 DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
by Cryptorphic
1
Nexo in bullish descending bullish descending triangle pattern What Is a Descending Triangle Chart Pattern? A descending triangle is a powerful technical analysis pattern with a predictive accuracy of 87%. The pattern is flexible and can break out up or down, and is a continuation or a reversal pattern. A descending triangle has one declining trendline that connects a series of lower highs and a second horizontal trendline that connects a series of lows. A descending triangle can be bearish or bullish or a reversal or continuation pattern, depending on the direction of the price breakout. A descending triangle occurring during a price uptrend, with a price breakout above the resistance line, is considered a bullish continuation pattern. (See chart below) Conversely, a descending triangle occurring during a price downtrend, with the price breaking out above the resistance line, is considered a reversal pattern.
Long
by UnknownUnicorn26572303
#NEXO/BTC 2D (#Binance) Broadening wedge breakout and retestNexo is pulling back to previous support where we expect it to bounce towards 100EMA resistance. ⚡️⚡️ #NEXO/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 8.4% Current Price: 0.00002340 Entry Targets: 1) 0.00002262 Take-Profit Targets: 1) 0.00002798 Stop Targets: 1) 0.00001994 Published By: @Zblaba $NEXO #NEXOBTC #Nexo #CEx #Payment Risk/Reward= 1:2 Expected Profit= +23.7% Possible Loss= -11.8% Estimated Gaintime= 2 months nexo.com
Long
by TradingOn
NEXO/USDT - Nexo: Resistance_Breakout_Confirmation SuperTrend◳◱ We have identified both a Super Trend pattern and a Resistance Breakout on the $NEXO / CRYPTOCAP:USDT chart. Both indicators are signaling a bullish trend, with the Super Trend showing a bullish trend and the Resistance Breakout confirming this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.715 | 0.763 | 0.847 and the major support zones are at 0.631 | 0.595 | 0.511. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision. ◰◲ General info : ▣ Name: Nexo ▣ Rank: 101 ▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Financial - Lending ▣ Overview: Nexo offers crypto backed lines of credit and interest-bearing crypto accounts. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.717 ₮ ▣ 24HVol: 773,293.307 ₮ ▣ 24H Chng: 1.991% ▣ 7-Days Chng: 7.22% ▣ 1-Month Chng: -4.53% ▣ 3-Months Chng: -14.43% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.715 | 0.763 | 0.847 ◢ Support: 0.631 | 0.595 | 0.511 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.27 ▣ Last 90D: -1.39 ▣ Last 1-Y: -0.81 ▣ Last 3-Y: 1.23 ◲◰ Volatility : ▣ Last 30D: 0.47 ▣ Last 90D: 0.52 ▣ Last 1-Y: 0.84 ▣ Last 3-Y: 1.45 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.04 - V. Bearish ▣ In-depth NEXOUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
NEXO/USDT - Nexo: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $NEXO / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.692 | 0.744 | 0.846, and the major support zones can be found at 0.59 | 0.54 | 0.438. Consider entering a trade at the current price zone of 0.764 and targeting higher levels. ◰◲ General info : ▣ Name: Nexo ▣ Rank: 93 ▣ Exchanges: Binance, Huobipro, Gateio, Poloniex, Mexc ▣ Category/Sector: Financial - Lending ▣ Overview: Nexo offers crypto backed lines of credit and interest-bearing crypto accounts. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.764 ₮ ▣ 24HVol: 1,437,271.267 ₮ ▣ 24H Chng: 2.139% ▣ 7-Days Chng: 18.93% ▣ 1-Month Chng: 7.03% ▣ 3-Months Chng: 17.35% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.692 | 0.744 | 0.846 ◢ Support: 0.59 | 0.54 | 0.438 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -1.08 ▣ Last 90D: 0.81 ▣ Last 1-Y: -0.92 ▣ Last 3-Y: 1.25 ◲◰ Volatility : ▣ Last 30D: 0.65 ▣ Last 90D: 0.55 ▣ Last 1-Y: 0.85 ▣ Last 3-Y: 1.47 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.52 - Bullish ▣ Reddit sentiment score is 0.33 - Bearish ▣ In-depth NEXOUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
NEXOUSD Buy but limitedNEXOUSD hit both the MA50 (1d) and MA200 (1d) today. The long term pattern is a Triangle that is limited by a Falling Resistance. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.8500 (Falling Resistance and +53.50% move). Tips: 1. The RSI (1d) is still only 60.00, indicating that until its usual deeply overbought tops, there is still room on this uptrend but only short term due to the Falling Resistance. Please like, follow and comment!!
CRYPTO:NEXOUSDLong
by TradingBrokersView
5
Crypto Nexo (Another BlockFi or Terraluna killer?)View On NEXO (21 Feb 2023) Nexo is very similar to the now defunct blockFi but it survived the last crypto meltdown. Nexo coin can be used as collateral to enjoy better interest payout. So, we can say there may be some kind of demand for the coin. Since it has dropped from the high of $5 and now it is at 0.75ish, I reckon we shall see some pull back UP first. $0.9 to $1 will be a good target region. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Long
by SonicDeejay
November 18 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin is up 1.04% over the last 24 hours and rose to an intraday high of $16,987.00. The largest cryptocurrency has been trading sideways between $16,000 to $17,000 since 12th November, and the volume has decreased significantly, suggesting that investors continue to maintain a risk-off stance. If the price sustains below $17,000, it will increase the prospect of a break below $15,588. If that happens, the BTC/USDT pair could extend its decline to $12,200. Today’s Cryptocurrency Headline Nexo Made a $850 million Takeover Offer to BlockFi Crypto lending firm Nexo made an unsuccessful bid to acquire struggling rival BlockFi for $850 million in July. The deal includes the acquisition of a 51% stake in BlockFi for $30 million and a $500 million line of credit. The offer was made in July when BlockFi was in financial trouble after losing $80 million on its exposure to Three Arrows Capital. BlockFi rejected Nexo's offer and chose to stick with a non-final deal with FTX.US. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
NEXOUSD is well on its way to the 1D MA200 ($1.4000)Nexo (NEXOUSD) has been trading within a Channel Down since the May 12 2021 High. The last Lower Low was priced on on June 30 and since then the price has rallied almost +120%, breaking above both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) with the two about to form a Bullish Cross. The same 1D MA50/100 Bullish Cross was formed during the previous rebound after a Lower Low on August 28 2021 but the difference is that Nexo was already pulling-back to the 0.618 Fibonacci retracement level, while today it broke above the previous High, hence indicating that the June rally is being extended. As a result, the next target is the 1D MA200 (orange trend-line) and on the more medium-term, just above the -0.5 Fib extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
Trend Reversal in US 30 Years Bonds? Investment Opportunity?A longer term look at the US 30 Year Bonds reveals that the yields have broken to the upside of 2 standard deviation of the linear regression channel. In a way bonds have already executed the FED rate hikes. You can get around 3% yield on a US 30 year bond. Question is if the bond market will track lower increasing yield rates even further. Depending on your investment strategy this may be worth considering. I am still puzzled why not more money is not pouring into USD stablecoins as one get get e.g. 15% yield with UST on Nexo. That appears to be a no brainer, still there is some risk associated with the platform, but not too much more then with a bank. In any case US bonds are attractive assuming the FED will eventually be forced to pause rate hikes. Then a 3% yield with a potentially rising bond is a sweet deal. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
TVC:US30YLong
by CarpeMomentum
3