Nexium is getting ready for another Leg up for 100% Profit


## CryptoKraze here

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In this post I am going to cover technical analysis of **Nexium** for short term trade. I am using tradingview charts and price linked to Bittrexexchange. Let’ have a look on technical aspects of **Nexium**.

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### Possibility on 4 Hour Chart

![nxc4hr.png](https://steemitimages.com/DQmQpVbPfjmEih6YUYo4idGGXDVtP4QsJMQvSKD2SVNxUGH/nxc4hr.png)

Nexium is getting ready for another Leg up for 100% Profit
Nexium is getting ready for another Leg up for 100% Profit

If you look at 4 hour chart, you will see **Nexium** has made a big impulsive move and now it is forming a bullish flag. This is very common pattern in cryptocurrencies, whenever a coin breaks with big impulsive move, it pull backs and wait for some time before making next impulsive move. If we look at RSI, it has gone above 70 level in first impulsive move and has dipped to 50 level now, so we have pull back done and next impulsive move is ready. Let’s have a look on Bollinger bands, you will notice the impulsive move took the price to top bands and flag has pulled price back to median line, so we have a possibility of next impulsive move soon.

* I will have a buy entry at 0.00003550 with my profit target will be around 0.00006850 or above.

* Stop loss just below the entry area is must for trading if you don’t know the [**Averaging Technique in Crypto Trading**](https://steemit.com/cryptocurrency/@cryptokraze/averaging-technique-in-cryptotrading-or-to-maximize-profits-and-cut-losses).

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**Have a look on my other Posts**

**[Bitcoin Correction Almost Done – Get Ready for Boom](https://steemit.com/bitcoin/@cryptokraze/bitcoincorrection-almost-done-or-get-ready-for-another-boom)**

**[Averaging Technique in Crypto Trading](https://steemit.com/cryptocurrency/@cryptokraze/averaging-technique-in-cryptotrading-or-to-maximize-profits-and-cut-losses)**

**[Steem in Process to Form A Cup & Handle Pattern on Major Resistance Level](https://steemit.com/steem/@cryptokraze/steem-in-process-to-form-a-cup-and-handle-pattern-on-major-resistancelevel)**

**[TenxPay Technical Analysis | Symmetrical Triangle about to breakout](https://steemit.com/bitcoin/@cryptokraze/tenxpay-technical-analysis-or-symmetrical-triangle-about-to-breakout)**

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**If you like my posts and analysis and want me to add analysis on more cryptocurrencies, let me know in comments and I will add analysis**

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_**Disclaimer**_

_Crypto Trading is risky business and you can loss partial or full amount of money. Trade at your own risk with that money only you can afford to lose._

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