CoinPedia_Market_Insight

Bullish divergence in XEMUSDT

BINANCE:XEMUSDT   NEM / TetherUS
* XEMUSDT is in uptrend with respecting the below trend-line as it's support.
* Currently the price is trading between the upper trend-line as resistance and it's support zone around $0.185 forming a Descending triangle .
* RSI indicator also forms bullish divergence , divergence occurs when there is no longer the same momentum between the price and RSI indicator.
* In order to continue the bull run the price needs to breaks the above resistance.
Trade closed: target reached