One of the oldest pioneers of the cryptocurrency industry; NEM. I don't know if the team or the project is dead, or they might start work on it again. There are not much news about the project. However, the coin, NEM, has a beautiful technical analysis and of course if you look at the beginning of the chart the price of NEM skyrocketed. The question is, can it repeat such soaring again? Even half of that would be amazing. Only time can tell. Let's see what happens.
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NEM chart looks promising. Let's see if it can make 2 HH and HL.
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XEM is on its way up.
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XEM is still oscillating in a consolidation zone at the bottom of the big triangle pattern. Let's see when XEM break this area upward.
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So, XEM been oscillating in this consolidation zone and now approached the upper line. If XEM breaks this line, further upward movement is possible. Let's see what happen.
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So, XEM analysis is still valid, with a little change: the big flat triangle turned into a big descending triangle. Also, XEM correction continued until reached the 0.5 Fib retracement level. It seems XEM's final movement at the bottom unfolded in a minor inverted-flat triangle. XEM breaking the inverted-flat triangle's upper line is reversal confirmation. Let's see what happens.
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This is just an update. Even though many altcoins plummeted, XEM didn't go down past the blue bottom line and the 0.5 Fib retracement level, so XEM analysis is still valid. Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.