ZOGRAS

Analytics XEM/BTC

BINANCE:XEMBTC   None
An old project with its own blockchain, offering functionality for creating decentralized business solutions.
A distinctive feature is that the coin slowly reacts to the movements of Bitcoin, and sometimes goes against it.
Currently it’s a good time to buy an asset for the long term. On the daily chart we see an uptrend, the rate is unlikely to fall below 0.00001503. Comfortable entry point is within 0.00001542-0.00001551, in addition, it’s a strong consolidation zone. A powerful resistance level is at the level of 0.00001770-0.00001780, which will not be easy to break through.
During the day, you can trade both on short and long positions (when opening short, you must set close stop losses). Daily volatility is in the range 6-11%.
The chart is distinguished by clear and readable corridors, so trading, based on technical analysis, is quite simple.
The coin has been purchased in portfolios since the beginning of August. In addition, it did not beat last year minimum. The above gives reason to believe that this asset is good for both intraday trading and long-term investments.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.