NEXOUSDT // As long as we stay on the green line, the direction is up. The first target is 1.3172, which is Fibo 1.414, the main target is 1.4205. Cut losses when closing below the green line.
NEXOUSDT trade ideas
Technical Analysis of NEXO/USDT (Weekly Timeframe)Pattern and Structure:
The chart displays a harmonic pattern, possibly a Gartley or Bat formation, with the key points X, A, B, C, and D marked.
A broadening wedge (or expanding triangle) is also forming, showing increasing volatility.
Key Price Levels
Current Price: $1.423
Resistance Zone: $1.80 - $2.10
Support Zone: $1.15 - $1.35
Trade Setup
The chart suggests a bullish breakout scenario, with a target of $1.80 - $2.10.
The risk zone (stop-loss) is marked around $1.15, indicating a risk-reward ratio favoring long positions.
Conclusion
Bullish bias is evident, but confirmation of a breakout above $1.50 would add more confidence.
Traders might look for long entries above $1.50, targeting $1.80 - $2.10.
A drop below $1.15 would invalidate this bullish scenario, signaling a retest of lower levels.
NEXO Cup and Handle PatternNEXO looks very good to breakout of the Cup and Handle pattern which is very visible on the 1week and 1month TF. Price is above the 20 MA on the Weekly TF.
It has been trending for awhile now but it's yet to make a big move. Cup and Handle breakout is always big.
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! ❤️
NEXO breaking outNexo the only lending platform to survive the 2021 collapse. Very strong momentum, lots of new features released and trust from its customers.
Gossip is: they are coming back to the US market.
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:
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~ 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.
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#PEACE
NEXO/USDT I BUY SETUP✔︎📈 BINANCE:NEXOUSDT SIGNAL
✔︎ENTRY : 1.462
🏓TARGETS :
✔︎ T1 : 1.660
✔︎ T2 : 1.859
✔︎ T3 : 2.103
✔︎ Long term T4 - T5
✘ STOP : 1.360
🚦Stop Trigger:
• If you make capital management: Stop is activated when one candle opening and closing
below the stop level of the same time frame of the signal.
• If you don't make capital management: Stop is direct without waiting for the candle to close.
💡Risk management :
• Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities.
• Sell (25% to 50%) on (T1) and don't move your stop-loss.
• Sell 50% on (T2) and move your stop loss to the entry point.
• You are safe now, and the next 25% is up to you.
💡Reason for this trade:
This trade gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
• the first side that has been swept:
1- failure swing point
2- liquidity pool
3- valu area deviation
• Opposite side targets:
1- range high
2- monthly resistance
3- fibonacci extension
💡Entry setup
1- reclaim valu area low
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
Nexo - Jinny Gann levels / StarNexo Reversal dates on chart
Expected Cycle top @ 1.82
horizontal lines are Support/Resistance .
Vertical lines are time pivots .
The most accurate Gann tools here.
Jinny Gann
Appreciate your Comments.
GL
NEXO on its way to $3I tentatively assume that we will reach $1.3 with NEXO, then around $3, and if successful, a peak around $4
Nexo showing a very professional Accumulation phase Hi Everyone;
today we have one of the Interesting coin.. NEXO
My TA showing almost 23 Risk to rewards, but looking to the accumulation phase I expect more than that, let's give it a chance.
#NEXO/USDT - Long - Potential 21.68%
Strategy: Long
Exchange: BYBIT
Account: Spot
Entry mode: Market order in range
Invest: 5%
Exit:
• Target 2 : 1.1 20.32%
• Target 1 : 1.012 11.72%
Entry: 0.9142 ⌁ 0.9142
• Current market price: 0.9142
• Stop: 0.812 (-11.18%)
Technical indicators:
Resistance break in confirmed uptrend. Dip into liquidity zone has pushed price through the 0.886 resistance. No overhead resistance.
• ⎿ 24h Volume: 27476.249278
• ⎿ Satoshis: 0.9142
• ⎿ Analysis: TradingView
My nexo spot predictionJust simple elliot wave counting possibility. Tradingview does not want me publish just 1 sentence, so I will try my best explaining the count. Elliotwave is a simple method made by mr Elliot (search in google) by counting the market wave pattern. His pattern consist of 5 waves. Since the law of the market can be counted, according to mr Elliot, in 5 wave signal. Search more in google the probability wave length and period. Ok, the best way making use if this means method is to determine which wave you are at the moment, and then the waiting game begins. Enjoy
Nexo Buying Frenzy: Seize the Opportunity Now!**Short fundamental analysis of Nexo (NEXO)**
* Nexo is a centralized cryptocurrency lending and borrowing platform that offers users high interest rates on their deposits and low interest rates on their loans.
* Nexo has a strong focus on security and is one of the few lending platforms that has been independently audited by Armanino LLP.
* Nexo has a large and growing user base of over 4 million users in over 200 countries.
* NEXO is the native token of the Nexo platform and is used to pay for platform fees and to earn rewards.
**Recent news about Nexo**
* Nexo has recently launched a new feature called Nexo Boost, which allows users to earn higher interest rates on their deposits by locking up their NEXO tokens.
* Nexo has also recently announced that it is expanding its services to the United States.
**Disclaimer**
The information provided in this response is for informational purposes only and should not be construed as financial advice.
NEXOUSD ❕ declineNEXO broke through the support level.
RSI is moving in the sellers' zone.
The asset will continue to decline.
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.
NEXO 3D ( Bullish Scenario ) In the 3-day timeframe , we observe significant compression, and in the recent corrective waves, we witnessed higher lows for Nexo. If it manages to break above the $0.68 region and gains momentum, the growth of Nexo will initiate
NEXO Cup and HandleNEXO is on my radar.
2 possible plays.
1.larger cup and handle for 11% gain which may take a few weeks to play out. Smaller shorter play is playing the channel.
2. It is breaking out of the descending channel i would add leverage to this. I'm not a huge fan of this project so make sure you have a stop loss
#NEXO/USDT - Long - Potential 3.65%Direction: Long
Market: Futures
Risk: 0.25% - 1%
#USDT_NEXO
Exchange: ANY
Timeframe: 360
TP1: 681
Entry: 658
STOP: 643
Entry Conditions:
| Bit late to this signal but the hard part has been done in breaking the resistance following a bullflag breakout.
NEXOUSD ❕ declineNEXO has broken down 200EMA on the 4H Timeframe.
50EMA has broken down 200EMA (1H TF)
RSI is below 50 points (4H, 1H and 30m TFs)
I think the asset will go down after fixing below the support level.
#NEXO/USDT - Long - Potential 3.45%Direction: Long
Market: Spot
Risk: 0.25% - 1%
#USDT_NEXO
Exchange: BINANCE
Timeframe: 360
TP1: 0.629
Entry: 0.608
STOP: 0.587
Entry Conditions:
| Falling wedge break
| RVI trendline break
nexousdt triangle breakout on weekly nexo usdt is on stong support on monthly time frame with traingle breakout out on weekly time frame so i expect amove from 50 to 150 percent from here it is low risk signal but may take some time to happen
NEXOUSDT Spot TradeNEXOUSDT Technical analysis update
Buy zone: Below $0.72
Stop loss: $0.645
Take Profit 1 : $0.784
Take Profit 2 : $0.915
Take Profit 3 : $1.065
Take Profit 3 : $1.35
Spot trade
Thanks
Hexa
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.
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