XEM/BTC looks to be setting up for a bullish trend reversal over the next few days/weeks. Price has seen a rejection off of a key psychological level at B.00001000. The CCI has been trending bearish over an extended period of time but has now moved back up over the -100 level which is one of my entry triggers. I expect price to trend towards the B.00001500(+45%) price cluster and eventually test the previous peak around B.00002100(+100%).
Comment:
Going forward all my trade recommendations will be done against USD. This setup failed against BTC but is currently sitting at over 120% profit against the dollar.