NEXO

After holding the longest price support nicely, Nexo is ready for a new altcoin season. NEXO/BTC is still stuck inside a super long and boring consolidation downward wedge. Once it breaks out, NEXO/USD will fly very aggressively to new ATH, and ultimately to 10$. Not the best ROI of the cryptoverse, but still an amazing asymetrical bet !

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.

My Biggest Holding, been in since $0.04.-$0.20 Really hoping all the positive sentiment surrounding the US return opens new doors for growth. Currently overlooked and a major potential disruptor.

NEXO 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.

👋 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 TimeframeIn 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 TimeframeIn 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 ThoughtsThis 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 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.

#NEXOUSDT Hey dear traders. Hope you are enjoying analysis with our team. we are here to analyze NEXOUSDT today. Rising wedge Breakout Done in 12H time frame. Price Decreasing Continuously

#NEXOUSDT Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about NEXOUSDT NEX is making Rising wedge & Traying to breakout the pattren in 8h time frame

Hey traders hope you are enjoying our analysis. Now we are here again with a new trading opportunity. We will discuss today about NEXO NEXO Bearish pennant Formation in 12H Timeframe✍️ In Case of Breakout Expecting Massive Bullish Wave📈

نکسو (NEXO) is actually a blockchain-based lending system, with the help of which users can get a loan, that is, stake their own property, which is نکسو currency, and take a loan instead. The interesting thing about this system is that in addition to نکسو, you can get your loan with 20 other currencies such as Bitcoin اتریوم BNB مونرو and... These conditions are great for those who are holders, you want to keep your currency for a few years instead of putting it in your wallet, you stick it in this blockchain and get a loan in return. Apart from the discussion about properties