NXT broke out of zone 1 and met resistance at long term support line x (green).
Diagonal trendline 2 and long term support line w provide current support.
If we continue through line x, diagonal line 1 will provide resistance in zone 3.
If RSI breaks above the upper trend line, we might see the price enter into zone 3, other wise, if we ride the lower trend line downward we are likely to see NXT move sideways in zone 2 until falling down to zone 1.
Lets watch bitcoin closely.
Diagonal trendline 2 and long term support line w provide current support.
If we continue through line x, diagonal line 1 will provide resistance in zone 3.
If RSI breaks above the upper trend line, we might see the price enter into zone 3, other wise, if we ride the lower trend line downward we are likely to see NXT move sideways in zone 2 until falling down to zone 1.
Lets watch bitcoin closely.