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mexxer
Mar 29, 2017 9:45 AM

Bullish falling wedge forming Long

NEM / BitcoinPoloniex

Description

XEM seems to be in a falling wedge right now. The 1150 - 1200 satoshis support level is strong and seems to be holding, and the volume is decreasing, which means that the short term downtrend is losing steam. If it manages to break out of the wedge convincinly with a big volume increase that should mean a trend reversal is incoming and a big move up.
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