Nexus (NXS) is indeed an undervalued cryptocurrency at the moment. The project behind this sleeping giant is way more advanced than the Bitcoin blockchain itself. That being mentioned it is certain as the objectives and events of Nexus Roadmap for 2018 are fulfilled there will be an enormous demand as well as a surging growth in adoption for this cryptocurrency backed by a satellite based blockchain. Also recently Nexus introduced the concept for the world's first 3D blockchain and it is still under process of bringing into effect. Although these fundamental facts ensure the validity of the Nexus it clearly makes certain of the upcoming bullish trend for the NXS coin when studied and and analyzed the price chart of NXSBTC pair.
As analyzed it shows a clear upward retracement from applied Fib levels following the completion of a Cup-and-Handle formation. Once the price retests and breaches the all time high around 0.0009300 BTC it is evident that the price will have nearly doubled the value of its current position of 0.00064200 BTC to 0.0013100 BTC during the upcoming weeks.
As analyzed it shows a clear upward retracement from applied Fib levels following the completion of a Cup-and-Handle formation. Once the price retests and breaches the all time high around 0.0009300 BTC it is evident that the price will have nearly doubled the value of its current position of 0.00064200 BTC to 0.0013100 BTC during the upcoming weeks.