Long

NXT H&S

Updated

Good afternoon everyone! On the NXT chart, the "inverted head and shoulders" pattern is formed. This is a signal to buy.
buy from 0.2151
stop-loss 0.2065 (under Right Shoulder)
OR
buy now
stop-loss 0.205

take-profit on the chart

Set your own risk.

Trade closed: target reached

Now I see two areas for rebuy NXT. It is necessary to wait for reversal patterns in these zones.

Note

This is my view to rebuy NXT on USDT chart.
1. Stop-soss on 0.2838 (if 1h candle closes above);
2. Possible reversal zones:
0.2373
0.2283 ... 0.2272 (more likely)
0.219 ... 0.2135
0.2014
It is better to wait for the reversal models in these zones
3. You should move the stop following the price down

Note

possible script with doble bottom on 15m tf

Note

Now nxt follows btc. Double bottom scenario was canceled, the targets are corrected in the screenshot below.

Note

Continued here

super55

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.