ElMomento

XEMBTC Potential Weekly Support

Long
ElMomento Updated   
POLONIEX:XEMBTC   NEM / Bitcoin
XEMBTC has been on a downtrend along with all cryptocurrency assets since January, this week we are looking at some relief on the selling pressure. Coins are randomly pumping out of nowhere after being exhausted and taking this in account along with XEM being a solid platform, we believe to have a small swing trade opportunity. ADX is on all time low, and considering that volatility is all time low too, it could indicate a sudden move up which is something that goes accord to the "story" of the current cryptocurrency market, my own targets are posted below.

Buy: 0.00001670-0.00001680 ; SL: 0.00001572

Target 1: 0.00001749; Target 2: 0.00001799; Target 3: 0.00001839

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Trade active:
Target 1 was hit.
Trade closed: target reached

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