NXTBTC Return to Rise

Currently looking like an overall upwards trend as we hover around the current support line, but resistance above continually gives way to higher peaks. Expecting NXT to bounce between various resistances and supports in the center before returning to the support line of ATH-levels as the new, higher-tier resistance level.

Kommentera:

Now a possible inverted hammer (candle) at new support around 0.00007950, potentially forming a double bottom pattern, which would suggest a rise in the coming hours. Still uncertain as to whether the final leg of a double-bottom "W" will form.
Even lower support lines may be at 0.00007050 and 0.000065.

Kommentera:

Unfortunately, NXTBTC is falling below my additional Fibonacci 0.382 trendline at 0.00007923 (support). If it fails to break through 0.5 Fibb at 0.00009042 (first resistance), it may fall to second-lowest support at 0.236 Fibb level, or 0.00006537.