JURISTSCapital
Long

NEM forming a DOUBLE BOTTOM REVERSAL PATTERN

BITTREX:XEMBTC   NEM / Bitcoin
Based on the chart, NEM probably bottomed at 410-420 sats . It perfectly held the previous low when the price retest the support/previous low at 410-420 sats .

In addition, RSI shows a strong sign that it is now in an upward trend.

Now, if the price breaks the trendline it will test the 1st resistance line at 550 sats .

Just remember don't forget to set up a stop-loss because most of the ALTCOINS follow the BITCOIN movement.

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Happy Trading!

Please do your charting and research.





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