Nexus (Bittrex: NXSUSD) has broken out of the triangle pattern in the weekly chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Nexus began a wave one advance in August 2015. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in November 2018. If this wave count is correct, Nexus should be heading next towards the January 2018 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Nexus focuses on solving the current challenges of speed and scalability in the blockchain industry and provides quantum resistance through its many innovations. The Crypto Lark interviewed Colin Cantrell of Nexus Earth in February this year.
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Nexus will takeout the October 2018 peak”.
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Nexus will drop below the November 2018 low”.
If you think Nexus is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Nexus will stay in a trading range between the November 2018 low and the October 2018 peak until April 15”.
(Chart courtesy of Tradingview.com (log scale))
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