In this chart we have analyzed NXT on his super strong Up Trend since about 1.5 months ago, without doubt this is one of the most impressive comebacks in the crypto market after being in an all time low for a very long period.
Basically we will be expecting NXT to rise as the Ardor Release get closer and closer, as many of you already know Ardor every hour is getting more expensive in the amount of NXT to hold so you receive your Ardor, by now already 32% of all Ardor has been given away which leaves only 68% of the coins to be distributed, if we do math you will be needing to hold 1.32 NXT until Oct. 12th for you to receive 1 ARDR, and not only that you will be needing more NXT, you also will be needing to pay more for each NXT as time goes by.
As the price climbs up further and further expect higher levels of volatility as many people will start to get rid of they're NXT after a long wait for recovery on the price they paid about a year and a half ago. So we will be noticing higher levels of volatility plus a very strong resistance when price do major steps forward.
This is an easy swinging trade coin as the volatility is still controllable and daily moves are in average dancing around 200 pips up and down.
I hope all of you are in the accumulation of those ARDR tokens as they will be very valuable for main chain - child chain security of the network.
Basically we will be expecting NXT to rise as the Ardor Release get closer and closer, as many of you already know Ardor every hour is getting more expensive in the amount of NXT to hold so you receive your Ardor, by now already 32% of all Ardor has been given away which leaves only 68% of the coins to be distributed, if we do math you will be needing to hold 1.32 NXT until Oct. 12th for you to receive 1 ARDR, and not only that you will be needing more NXT, you also will be needing to pay more for each NXT as time goes by.
As the price climbs up further and further expect higher levels of volatility as many people will start to get rid of they're NXT after a long wait for recovery on the price they paid about a year and a half ago. So we will be noticing higher levels of volatility plus a very strong resistance when price do major steps forward.
This is an easy swinging trade coin as the volatility is still controllable and daily moves are in average dancing around 200 pips up and down.
I hope all of you are in the accumulation of those ARDR tokens as they will be very valuable for main chain - child chain security of the network.