NXT Found The Support

It is great to see that finally, NXT found the support and future start to look bright for this coin. The support is based at 161.8% Fibonacci retracement level applied to the uptrend trendline breakout corrective wave. It corresponds to $0.056 price tag which has been rejected multiple times over the course of the past 3 months.

After so many attempts to break lower, NXT stayed strong and investors stayed positive. Many coins have experienced a strong correction down, but not many are so persistently fighting against being pushed lower.

Although these facts are very positive, buying this NXT/USD could be a little too premature. It is better to wait for a “new higher highs and higher lows” pattern to be established first. And NXT must break above the triangle pattern, prior to continuing its long-term uptrend.

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