TrevorSoh

Major change in market for XEM

Long
BINANCE:XEMBTC   NEM / Bitcoin
After the bears being given the opportunity to control the market for months. The bulls are finally awake and hungry to look for an opportunity to take away that ability to control the market from the bears.
After a month-long downtrend and a heavy spike down in prices, an ascending triangle is forming with the prices of XEM finally breaking through the month-long downtrend resistance.
Traders could look to take a long position now with the prices of XEM being slightly below the support of the ascending triangle . Indicating that it is oversold and prices are expected to make a major change as it goes long

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