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ForecastCity
Feb 10, 2021 9:29 PM

💡 Don't miss the great buy opportunity in NEM/USD Long

NEM / US DollarBittrex

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.31). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. NEMUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 0.37500
TP2= @ 0.43000
TP3= @ 0.47600
TP4= @ 0.55000
TP5= @ 0.63000

SL= Break below S2

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Comments
Josef_anderson
Nice idea. 🔥
ForecastCity
@Josef_anderson, Thanks for your comment 🌹
Pro_Trader_007
Great analysis 👌🏻 I'm going to keep an eye on this one !
ForecastCity
@Pro_Trader_007, Thanks for your comment 🌹
PriceActionAnalyses
You trade everything ?
ForecastCity
@PriceActionAnalyses, Thanks for your comment

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sofi_Morphy
Appreciate your help.
ForecastCity
@sofi_Morphy, We're glad you like it.
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