ForecastCity
Long

NEM , long-term Buy opportunity of XEMUSD, Don't miss it

BITTREX:XEMUSD   NewEconomyMovement / Dollar (calculated by TradingView)
Technical analysis:
NEM             is in Down Trend but Beginning of uptrend is expected.
In Daily chart , A two-day hammer candlestick pattern was formed which is the first sign of the beginning a Bullish Trend .
In 4-Hr chart , There is a valid and clear divergence.
The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 38 .

Trading suggestion:
Price is in the support zone (0.516 to 0.336), traders can set orders based on Price Action and expect to reach short-term targets.

.Beginning of entry zone (0.516)
.Ending of entry zone (0.336)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take profits:
TP1= @ 0.850 (First Target)
TP2= @ 1.151(second Target)
TP3= @ 1.305(Third Target)
TP4= @ 2.146(Fourth Target)
TP5= @ Free
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I am following this idea. Good information, please continue.
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@postup5.rw, My pleasure :)
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