$NXS, 20000 Support Or Bust…

9 ביולי 2018

Weekly
Looking at our highest timeframe we see price testing our major support of 20000 satoshis, stochastic rsi showing momentum has bottomed out. Expecting price to come as low 19500 on the weekly candle, however I do not expect price to close below this level.


Daily
Shifting over to our pattern timeframe we see price has found resistance at 22000, and has since been consolidating between 20000—22000. A daily close below either one of these levels indicates our next direction. Stochastic RSI showing momentum in favor of bulls with no signs of slowing down, although price is showing otherwise.