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
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👉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 🗯💭
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:
