Good day fellow traders,
In the upcoming days ill keep my eyes on Nem for possible upwards moves.
The broader trend is narrowing atm, which can indicate a possible reversal pattern in the making. We are on the 100 and 50 which joined up.
Close to 0 lines in and VFI ready for expansion growth > momentum. Keep a sharp eye on the daily candle patterns, we wanna see something in the range of the predicted candles on the chart.
We still need confirmation by breaking resistance levels at $0,43-$0,47. But ill rather look for a position below that $0,27-$0,33 followed by a fairly sharp stop loss. BTC will help make this move possible or impossible!!
Nems' position is in "large", in a better spot than a lot of other coins. It tested the low bottom of the larger pattern. Touched the long-term trendline originated on 11-01-2021.
Entry on the swing low, breakout, it all depends where you are comfortable. Be aware of the that can occur at any moment.
Good luck to you all