Insane_Trader8888
Long

XEM / NEM Good buying opportunity . Sleeping Giant!

POLONIEX:XEMUSD   NEM / Dollar (calculated by TradingView)
Simple Analysis on NEM             .
A lot of Japanese are talking about NEM             and buying it for HODL to the MOON!

After price broken resistance at 1.11xxx, price soared higher until 2$ .
Now price has been retracing for those who missed out the broke out rally.

Why buy now?
1) Price broke up the downtrend line now.
2) Price bounce off on 50% Fib point.

Trade with your own risk.
HODL to the MOON.

Regards,
Insane.
Comment: Price didnt go perfectly as chart,
still staying above support 1.117
How would you update the above analysis based on 4 days of new data?
+1 Reply
@Frederickvc,Hi,
Price didnt go perfectly as charting,
still staying above support 1.117
Reply
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