After reading some XEM questions in the public chat I decided to chart down the possible XEM wave 5 preparation. I still think XEM is in an ongoing correction from the big push it just had. It is under the 6 and 12 hour clouds with the indicators still pointing downwards. It might go up, reach the cloud but then crash down to the 618 fib level. From there I see it trying to shake out weak hands and pretty much pull off a LTC, have a long consolidation/downward movement, make bagholders tired of it and then start pushing up for a wave 5. The wave 5 will not be as big as the wave 3. Expecting it to hit around 20000 sats FOMO a bit higher maybe in the next upcoming weeks.
Comments
Al_WaySlate
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I said this on another post a week ago...If you have Nem > Hold for a looooooonnggg time...maybe if opportunity is there, buy a dip...Nem never moved like other coins.
exkuji
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I was checking this chart whole time day to day, and I am stunned how crystal sharp it is.
sheld0r
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Not bad... your crystal ball is working pretty well so far. :D
luuuk
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Pretty spot on so far, will see where the market brings us in the upcoming days!