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XEMBTC close to breakout, on 1d crossed 100MA
Entry around 480 will be a good opening position.
Possible swing trade targets will be above 600+
Keep eyes on it.
A Reaction low formed after testing the Upper Bollinger Band and the (Resistance area of 19 September 2011) ,We then seen a Test of Support (Middle of Bollinger Band) and (Previous Local Resistance), found support there and
moved up to test the Upper Bollinger Band, exceeding the previous high but Rejecting the test of the upper Bollinger Band (Also being The High...
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You need to make sure you can get support at the 0.10874383 point.
It is expected to create a new wave near the 0.10874383 point.
NEM, which is currently drawing attention, is forming a large triangular cross-holding pattern.
The low price line is conscious of ¢10 and has become the descending triangle starting from the price here. This pattern suggests that there is a strong downward consciousness by lowering the high price, but the current NEM is in the middle of an upward trend in the...
Sell on 1 hour chart
Sell on 7h chart
Sell on 2 day chart
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Nem is above an important support level. I will keep my eye on this coin.
Depending on their behavior it would be a good opportunity to buy for a swingtrade. If it does for a instance a beartrap or if it does a bullish patter like a triangle or an wedger it will be a good signal to buy due to their uptrend the support level below.
If NEM breaks out of the megaphone, risk would be skewed towards upside of 72 (R1) and 76 (R2)
Current position: None (as already heavy in GDX)
Disclaimer: These should be seen as the commentator's Notes to Self. Hopefully educational but aiming for entertaining. No legal or financial liabilities should be pursued from these materials.
2-month support established and confirmed multiple times in an uptrend corridor. Ascending Triangle formed within, just broken out.
- 6-month Uptrend and All-time High
- RSI + Stoch well above 50
- MACD below Signal.
Suggested Entry $69.50
Suggested Stop Loss $214.69
Target price $72.64
XEM failed to stay above the key level and the price returned to the sideways zone, which is between an important level of support and an important level of resistance, we expect the sideways movement to continue for more time for this asset.
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NEM Rising channel, heading to 2 week high of $68.88. Newmont is the world largest gold producer and ready to hit 52 week highs. The gold miners have lagged GC futures and GLD etf. Barrick gold is the 2nd largest producer and has a perfect ascending triangle. With FOMC july 30th, I expect these to breakout before and I would take some profits before known event....