Take into account other factors when doing an analysis. NXT took a snapshot on Dec. 28th to airdrop 0.5 Ignis coin per NXT. With Ignis futures trading well above $2 I believe that precipitated an exaggerated bull run as people were acquiring NXT to secure more Ignis. Also the price ran up as traders in the know were more likely to hold.
Price peaked at the snapshot and it took only a couple of days for the price to tumble below 50 cents.
A correction makes the most sense given the external forces which drove the price upwards.
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No fundamentals are used in this style TA. The call comes out, the news comes later.
I hear you. Keep the technicals and fundamentals separated.
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Very interesting :) Thanks