NEM - XEM 📈Education content - When a coin starts to increase?
Hello trading friends,
📈This update is an Education update, where we use the example chart OF NEM - XEM.
The known ways and most used ways to see an increasing coins trend are that a coin should show some movement before data, the reason that investors not entering coins is that there is no price action, and price action movement is which makes investors entering.
✅The second way of seeing an increasing trend is that a coin should hit the last trend lines with confirmation and time frame, also if a coin shows unexpected volume what not did shows before, then we should confirm or this confirmation is real or not, in case this volume is real trend volume, then it means a coin has a new interest trend. ( the confirmation of trend can be done with time frame) we did explain before the effect of time frame.
Extra reason
The price action gains new levels, and for this reason, it makes it interesting for a coin to hit new high price actions.
📈The above trends are the basic trends with more others that we did not add and which used manny in trading rooms. but there are also advanced ways, which a small part of traders only use it. and here below we will add some of these advanced ways.
✅One of the ways that advanced users use is to study the trend more deep into the moving trends of a coin when it following BTC and when not -
If a coin stays strong into the uptrend also when BTC stays stable and breakdown then is this the first scan to follow the coin more. another advanced way is to follow the whale data of the coin to see or there are new DCA investors that invest at same data trend or any trend into whale data that could make this coin interesting. further, it's important to see the target you expect or this has feasibility and you should depend this on good reasons. there should be more positive reasons for the increasing trend.
How many users going into the hype, and when a coin breakdown they end with a red balance account, the reason of this, that in every coin there are always recovery trends short term or long term, and in this way use good risk management,
The same study we did use for NEM, and NEM shows an interesting trend to increase coming time
see here below the NEM chart trend.
Have a great day!
📈This update is an Education update, where we use the example chart OF NEM - XEM.
The known ways and most used ways to see an increasing coins trend are that a coin should show some movement before data, the reason that investors not entering coins is that there is no price action, and price action movement is which makes investors entering.
✅The second way of seeing an increasing trend is that a coin should hit the last trend lines with confirmation and time frame, also if a coin shows unexpected volume what not did shows before, then we should confirm or this confirmation is real or not, in case this volume is real trend volume, then it means a coin has a new interest trend. ( the confirmation of trend can be done with time frame) we did explain before the effect of time frame.
Extra reason
The price action gains new levels, and for this reason, it makes it interesting for a coin to hit new high price actions.
📈The above trends are the basic trends with more others that we did not add and which used manny in trading rooms. but there are also advanced ways, which a small part of traders only use it. and here below we will add some of these advanced ways.
✅One of the ways that advanced users use is to study the trend more deep into the moving trends of a coin when it following BTC and when not -
If a coin stays strong into the uptrend also when BTC stays stable and breakdown then is this the first scan to follow the coin more. another advanced way is to follow the whale data of the coin to see or there are new DCA investors that invest at same data trend or any trend into whale data that could make this coin interesting. further, it's important to see the target you expect or this has feasibility and you should depend this on good reasons. there should be more positive reasons for the increasing trend.
How many users going into the hype, and when a coin breakdown they end with a red balance account, the reason of this, that in every coin there are always recovery trends short term or long term, and in this way use good risk management,
The same study we did use for NEM, and NEM shows an interesting trend to increase coming time
see here below the NEM chart trend.
Have a great day!
