NEXUS (NXS) Update: A Breakout is Needed!
SUMMARY
NEXUS (NXS/USD) completed five waves up and it was near vertical! Such moves almost always result in a deep retrace. A ZigZag was patterned in as wave A and C both ahve five subwaves. The below chart also shows that likely the current C wave position could be a good bottom candidate. However, a breakout in price is needed.
The close up shows that the initial rise was a five wave impulse and not a three wave corrective move (red impulse). The correction since then has consumed time and retraced in a channel between parallel lines. The correciton can basically bedefined as an abc. However, a breakout of price from the channel is needed.
Until that breakout is confirmed decisively, the projected white impulse waves remain with only wave 1 having the probable completeness. Perhaps, overnight price action will deliver the breakout; aided by Bitcoin price strength up!
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Thank you @haejin for sharing your analysis, NEXUS a cryptocurrency that I call my attention in December however I fell a lot but I hope it recovers
Bitcoin Breakout IMMINENT! Where will it go?! https://steemit.com/bitcoin/@investingtips/imminent-long-term-break-out-up-or-down-for-bitcoin-this-is-a-pivotal-moment
BCH/USD 4k
Interesting
How do the Fib relationships line up for 1 and 3 and 5? 3 should be 3.618 of 1
Also, change the degree of trend for the subwaves lower and color so you can tell the difference.
I see this everywhere.
Thanks Haejin!
Can anyone help me with APPC EW charting? Here's my attempt...the purple are the subwaves...any input appreciated :) This coin is booming but I can't find any decent EW tech on it... (yep my blue wave 4 is a bit too close to blue wave 1)
https://www.tradingview.com/x/2Eerav8z/
Very good description about nexus.I appreciate that. upvote and resteemit has been done
we have a breakout!! Thank you @haejin, the crypto whisperer :)
https://steemworld.org/@haejin
Is there a new update coming about NXS ?
Congratulations!
Good analysis.
follow upvote and resteemit has been done
Nice work Haejin. I hope it's ok to share my content too.
https://steemit.com/bitcoin/@philakonecrypto/bitcoin-btc-feb-18-technical-analysis-morning-update-with-live-trade-correction-target-usd9-464-usd10-000
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