Astral_Trader

XEMBTC - Bullish Divergence (LONG)

Long
POLONIEX:XEMBTC   NEM / Bitcoin
XEMBTC is looking like it is setup for a nice Long position. There is a Bullish Divergence in the RSI that indicates a trend reversal, breaking the current line of resistance would act as a confirmation of this reversal. CCI is also pointing towards zero and may soon indicate this reversal as well. MACD indicating support for this.

As always use a trailing stop-loss to lock in profits!


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