NXT Analysis: Many Great Things Are Expected on the Price Side....See it in this analysis!
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SUMMARY
It was FOUR months ago, when I first profiled NXT as a strong buy. Back then, it was $0.08 and now it stands at around $0.16. I've now set the target to $0.2498 and just in time to ring in an ALL TIME NEW HIGHS for the new year! The chart below explains the Elliott Wave price pathway:
The NXT/BTC pair is uber bullish and as it is now known, a bit behind the NXT/USD pair with regards to price pathway. So, if the NXT/USD can be seen as a leading indicator to NXT/BTC, many great things are expected on the price side.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Thanks for doing TA on NXT. I have been swing trading this one. Buying in at .000015 and selling at .00001691. It's been working so far, but I have been holding onto some in case this one moves. I think it has potential to move fast. Especially once it gets closer to the IGNIS air drop. Good luck!
Dear @Haejin
I made an analysis of Dash. Could you tell me if this is correct? And I believe the first 5 impuls waves are part of the third macro wave.
Thank you in advance.
I'm going through the tutorials, but as you say, I am still a bad analyst. ( ;-)
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