AmazinRaisin

XEM up up and away

Long
AmazinRaisin Updated   
POLONIEX:XEMBTC   NEM / Bitcoin
7
Xem is fundamentally one of the best alt coins around. It fixes bitcoins flaws with its near instant transfers, transfer fees of 1 cent for every $100 transferring, and it keeps a ledger which businesses like. Also, If you have 10k xem coins you will be able to harvest coins. However, don't expect to get many coins from harvesting unless you have a massive amount. You can also can get a supernode with 3 million coins. It just got into the top 5 coins and I think will easily keep on moving up on the list.

I think its very possible that Xem is treading on the support line and has created a new channel. The only time it dipped below the line it was because of the DDOS from poloniex. It might be at the bottom of the new cup forming with XEM. Keeping an eye on it in the up coming days might be worth while. A good entry would be in the low 6000s right on that support line.

1st TP 11390
Trade closed: target reached:
I updated it in a new post. Target hit alot faster then I thought. Might go up to 20k.
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