I believe we are in a prolonged, multi-asset bear market.
With that said we have not had a significant retracement for months. We are overdue both in time and price.
A break of the recent lows will do the following:
1. Stop out any currently accumulating bullish positions with stop losses
2. Trigger entries for short sellers expecting a larger downside move...
XEMBTC situated into a falling wedge which means we will have a nice upward breakout. Stochastic at 1D it s oversold and MACD also slowly will curbate up
What is important also,we have SUPPORT from ichimoku cloud at 1D timeframe so we can make few bucks with this trade.
We have fib supp at 1658 sats but here also it s a good entrypoint
XEMBTC is in uptrend now and will going up like a skyrocket.Firstly,what we need to understand the history will repeat itself once again.
Soon we have a golden cross at 1week timeframe which means a BULL REVERSAL.Last two times when was made this cross XEM increased by 1813% and 1102% and now we can make 370% MINIMUM which means 61.8% fibonaci target.
StochRSI...
Price want to touch soft support line and form double bottom (maybe we hear good news about catapulta test), after that they probably go directly to strong resistance line near 61.8 fibo.
Good team, good project
Private: MIJIN and Publik: Catapult Blockchain Release ine May
It was in deep, and broke trend line.
i don't use stop for this, hold for long term.
Even though we recently learn about China is moving for a cryptoban, XEM* is already well implemented in the east and should provide a growth in the month to come.
The recent down is probably due to the uncertainty related to Catapult and China Cryptoban rather than about the fundamentals of XEM*
The demand has a steady growth but could be slowed by a lack...
Safer buy above the resistance line. Up trend remains Intact.
Both Bat and Fib rations shows a clear sign to go long. As trades doesn't work with formulas put SL trigger.
NEM 0.29% is fairly stable at the moment, they plan to release Catapult maybe August. I think that will push the price up again, so maybe its a cheap buy now. For more details on CATAPULT...
