BITTREX:XEMBTC   NEM / Bitcoin
Keep it simple!
Looking at XEM on the weekly, we have yet to see a strong hold of support and a higher low play. Because of this I see XEM going lower, and possible testing the buy range (Green box), before the rise can begin. This is an untested range which many alts are following. The 31 Sat's range offers a great risk to reward ratio. From here we can see XEM test the previous support levels which are now resistance. These are the orange boxes. At these levels I would take out around 10-20% of my trade.

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No, I can't share that point of view.
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djhodnett averkieskila
@averkieskila, All still seems bearish on the weekly
+1 Reply
averkieskila djhodnett
@djhodnett, it doesn't matter, you have to see that he's being held at 400 Satoshi. Triple level retest.
+1 Reply
djhodnett averkieskila
@averkieskila, So far XEM has continued to make lower highs, which is indicative of a bearish pattern. Until I see a higher low formation, and a gain of previous resistance I wont be placing any longs just yet. the 300 sat range could be a potential level to hold. only time will tell!
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