PRO_SMART_Trader

Update For XEM/USDT Analysis 📈📉

HUOBI:XEMUSDT   NEM / Tether USD
as we see in the WEEKLY timeframe for XEM/USDT since it reached highest price $0.866 ,it hasn't been successful to rise again to record a new higher high , the correction continued to 0.38 fibo level , after its recent downfall tried to close above pivot area but the selling pressure pulled it back below this range which is now a resistance zone , but its still under the descending trendline and can have further fall even to support area .

although the fractal view point shows us that we will have a bull run for NEM in the next months or year and it'll have very huge significant targets probably in this case .

but otherwise in view point of price action, if it not be able to break up pivot . it maybe return back to green support rang box again or being in side way for while.so it may fluctuate between higher and lower volume ranges zone .



🛑resistance level: $0.35 -$0.39
🆚pivot zone: $0.150-0.185$
❇️support levels: $0.05-0.0678

--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
Trade active: 4H time frame:


👉Join My FREE Telegram Channel 🆔: https://t.me/SmarTraderClub
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.