NXT Technical Analysis for 12/03/2015 – Big Support at 0.000015

NXT is currently in a long-term bear market that started in May of 2014. The digital currency is now trading at an all-time low, but there are some signs of stability. For example, the 0.0000155 level has now held as support about six different times since the start of November.


The 4-hour chart is showing several high-volume Pin candle formations. These bars have some of the highest volumes in the past 30 days, which is a very telling sign regarding the imbalance of supply/demand at 0.000015. There seems to be a lot of buyers between 0.000015 – 0.0000155. Pin candles – especially high volume ones –  that occur at extreme lows, very frequently precede market reversals. I would not be surprised if there is a rally in the next few days.




Disclaimer:  This is not trading/investment advice!

Chart Source: https://poloniex.com/exchange#btc_nxt

If you liked this article follow us on twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

No Responses

  1. Pingback: modesta October 30, 2023
  2. Pingback: แทงมวย LSM99 December 12, 2023
  3. Pingback: Institutional Repository December 17, 2023
  4. Pingback: pop over to this site December 30, 2023
  5. Pingback: oral ketamine prescription online April 14, 2024
  6. Pingback: ราคาบอลวันนี้ April 18, 2024
  7. Pingback: play go88 June 21, 2024
  8. Pingback: tải b52club June 23, 2024
  9. Pingback: หาฤกษ์ผ่าตัด July 11, 2024