Double bottom? for POLONIEX:XEMBTC by losingup

indicator

Are we going to bounce off the bottom again?

Oversold, stoch rock bottom.
Volume low, but increasing as we test this key structure.

Comment:

If we fall through this bottom, I wonder if we don't repeat the previous capitulation candle from Dec 2017 as low as 850 or so.

* Good chance if BTC drops further.
* Or absolutely no fundamental news.

But volume on the big time frame has really dried up; should be good for a big move anytime.

Comment:

Fundamentals for NEM are very weak; re-organization, layoffs, and brink of bankruptcy.

I think this will go down to 850 sats or so. I'll make a new graph to show.

Trade closed: stop reached

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