Hey everyone, this looks like an ideal, entry and accumulation for those that believe in XEM.
This is the most technical trade i have seen in a while. We have a lot of trend line converging on a specific price level. The 4-5 wave on descending channel was broken. And we having almost little sellers left.
If price can;t go any lower, it usually going to go the opposite direction.
Larger volumes on a flat price line with little volatility is a good indication that a reversal is more likely, the downfall. And with a current stop loss of about 4-5% anyone who wants to get some XEM should do so.
A rare fractal event is also fast approaching between Sep 12- 13, and the next one is in nov 18th.
Stop losses are identified, in case we are wrong in our assessment of this accumulation.
Good luck everyone ;)
**LEGENDS** BLUE = Bear/Resistance Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~ /*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask. If you got a question, ASK away! And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation. These fractal events are identified as dotted vertical lines.
Thank you, Ajion
XEM: 109189300 XEM: NC64UFOWRO6AVMWFV2BFX2NT6W2GURK2EOX6FFMZ If you support the work i do, and you believe in building a transparent and open crypto fund.
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Not an active trade, FYI ;)
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Damn, i hope everyone survived that drop.
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Potential rally is happening now? Just use a stop loss from previous lower low.
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ah 12-13 SEP was a fractal bottom? is that what it was?
The 10th was a sell signal for me. 0.0...1411 was a vital support and now resistance. I won't touch this again until we can hold 0.0...1498 as support. Tons of resistance stacked on this one. No sense in holding the bag and taking the ride.
@Ajion, Agreed. Just need to keep it on the watchlist.
bsdvs23
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Agreed. I've been buying daily since Aug. 31st. Just a matter of time until we break above the 0.0....1603 level.
Ajion
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@bsdvs23, Smart man :) lets we i am right about the date :) only few days left
bsdvs23
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@Ajion, I've been informing those close to me about these levels; especially the recent consolidation. Has potential to repeat from December of last year. Maybe not the same magnitude, but these levels are a battle ground for demand. Not sure about the projected date (that's not really my thing), but we both know something is coming and we're not the only ones who think/know it.
Ajion
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@bsdvs23, True that :) It be very interesting few weeks that is for sure.
bsdvs23
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@Ajion, Get the popcorn ready for the show... LOL. 0.0....1389 is holding support like a boss. We'll see how it all plays out!
Worst case, next support level is the 0.0...1093 level.