icexch
Short

NEM. A signal for sale. Target at $ 0.2

BITTREX:XEMUSD   NewEconomyMovement / Dollar (calculated by TradingView)
On the day before yesterday, a sell signal was spotted on the daily chart of XEMUSD, it came from the indicator "Crossing moving averages"
Since then, the price did not bounce back, exacerbating the bearish picture.
According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new 10-fold growth to $ 8- $ 10 within a month should begin.
However, while the "Crossing of moving averages" indicator is on sale, we recommend to play the short game.
For this, it's good to use the growth attempts to $ 1.2 - $ 1.3 and open short positions there.
The goal of the decline is now close to 0. But if we bounce back to $ 1.2 then the target goal will be just at the support level $ 0.2 - where this 10-fold December growth begun.
The reverse of the trend to “buy” will be possible only above $ 1.5
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Thank you for your analysis! I bought this coin for $0,42, but this trading idea sounds too complicated for a new player like me. Do you belive that it will grow far beyond 2$ within the next few months? If that is the case I guess it will be easier to newbies just hold.
Reply
icexch SamuelBob
@SamuelBob, Thank you for your comment! My analys -isn't about beliving. Now i have no objectives reason to look beyond 2$.
Also I think the strategy: "buy and hold" - good for new coins with price about 0.01 or 0.1 but not $100
+1 Reply
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