SpartaBTC
Long

NEN (XEM) Downward wedge. First profit + 70%. Potential + 300%

BINANCE:XEMBTC   NEM / Bitcoin
NEN ( XEM ) Downward wedge . Which can become a reversal pattern of a downtrend. Everything is on the chart. First goal + 70%. Potential + 300% But also as an option, the price may simply not go further down, but just flat in the same price range with little volatility . For example, this happened with GTO , ZIL. Have a look at related trading ideas. There the price is clamped - there is a set of positions at certain prices acceptable to a large player. Inside the day, they trade well in a glass without risk, for a major player.
Comment: Just noticed a mistake in the name of the coin instead of NEM, I wrote NEN
Comment: +23%

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any update for now?
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SpartaBTC BAHUBALI001
@BAHUBALI001, Exit the "Descending Wedge". Now rollback to the purchase zone. And perhaps further movement.
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it seems hardfork awaits us, and 2 chain - NEM1 § NEM2
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@just5, News under the schedule?) It's good that there will be a hard fork.
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@just5, They come up with news and make coins according to the schedule. I have not heard about the hard fork of the coin.
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@just5, Thanks for the information. They released the news, I think they will spread it among the community, but there is no exact date for the hard fork.
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@just5, And this mythical Catapult is no longer interesting to anyone, as a constant deception. Back in the spring of 2017, I remember they should be introducing a product. And after 2017, on each pumping, coins were “issued” by Catapult))) Which was not. I think this time is no exception. Cheating. But positive market movement can create.
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So do you think that this will be correlated with other coins such as BAT which also appears to be in a similar situation or exclusively to NEM? And do you think that the Bakkt decision on September 23rd will affect NEM potential upwards movements? Thank you
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SpartaBTC OPMesto789
@OPMesto789, Violas tend to grow together. It may be that it will come out of the wedge and for some time simply move in a lateral movement without showing significant growth. For example, like BTT
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