Most traders use candlestick charts, as they provide more information than a simple line chart. How to read Nexus Mutual charts and predict price movements? Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the NXM price. Conversely, a drop below an important moving average is usually a sign of weakness in the NXM market. If the NXM price moves above any of these averages, it is generally seen as a bullish sign for Nexus Mutual. The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.ĥ0-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). For example, a 12-day simple moving average for NXM is a sum of NXM’s closing prices over the last 12 days which is then divided by 12. As the name suggests, a moving average provides the average closing price for NXM over a selected time frame, which is divided into a number of periods of the same length. Moving averages are among the most popular Nexus Mutual price prediction tools. When trying to predict the Nexus Mutual price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Nexus Mutual traders use a variety of tools to try and determine the direction in which the NXM market is likely to head next. Periodīased on today's classical pivot point (P1) with the value of $ 18.12, Nexus Mutual has support levels of $ 18.12, $ 18.12, and the strongest at $ 18.12. Traders use the trend indicator to discover short-term overbought or oversold conditions. Weekly Exponential Moving Average (EMA) PeriodĪn oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Moving averages are a lagging indicator which means they are based on previous price action. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a popular indicator in all financial markets. Popular NXM Moving Averages and Oscillators for Tue, May 16, 2023 The RSI indicator suggests that the price of NXM will decrease. Currently, the RSI value is at 27.01, which indicates that the NXM market is in a oversold position. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Nexus Mutual's short-term 50-Day SMA is estimated to hit $ 19.27 by Jun 15, 2023. Meanwhile, a Golden Cross last occurred on Feb 21, 2023, which was 84 days ago.īased on our technical indicators, Nexus Mutual's 200-day SMA will drop in the next month and will hit $ 31.03 by Jun 15, 2023. The most recent Death Cross in the Bitcoin market happened 60 days ago, on Mar 17, 2023. The price of Nexus Mutual is currently below the 50-day SMA and this indicator has been signaling SELL for the last 70 days, since Mar 07, 2023. The 200-day SMA has been signaling SELL for the last 68 days, since Mar 09, 2023. Nexus Mutual is currently trading below the 200-day simple moving average (SMA). Nexus Mutual Predictions for years 2023, 20 Based on Tech Growth Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. The information provided is for general information purposes only. Based on our Nexus Mutual forecast, it's now a bad time to buy Nexus Mutual.ĭisclaimer: This is not investment advice. Nexus Mutual recorded 30/30 (100%) green days with 0.00% price volatility over the last 30 days. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 54 (Neutral). According to our current Nexus Mutual price prediction, the value of Nexus Mutual is predicted to rise by 0.00% and reach $ 18.12 by May 21, 2023.
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