What is up everyone!
What we are witnessing here is a beautiful price compression with lower highs and higher low - often referred to as a pennant.
For me, I like the word triangle better, but that's just me.
As you can see, the chart highlights the entry, stop and take profit levels, all derived from the geometry of the pattern.
Also, don't forget that...
XEM is making a correction on what looks like a long way to higher highs. We want to take advantage of this correction and make a good entry. If the price falls below our buy order, we have good areas to make additional purchases and thus averaging the purchase price and still get good profits.
Order Information
Buy 0.00001406
Sell 0.00001438 -...
#KMD esta entrando a una buena zona de soporte (2165 -2140) y si rebota de ella nos puede dar buenos rendimientos a corto plazo en sus próximas resistencias: 2.5% - 4% -9% de ganancias, esperar el reboto y proteger con un stop loss si cae por debajo de la zona de soporte.
Análisis hecho con retrocesos de Fibonacci, extensiones y proyecciones. Patron de 2 pasos....
![XEMBTC: [ENGLISH] XEM on its way to higher highs! Let's go in!](https://s3.tradingview.com/5/5cQyWnZk_mid.png "[ENGLISH] XEM on its way to higher highs! Let's go in!")
