Nem is about to start an Elliot Wave 3. If the price drops below first trending line, it might test the Support line again before the move!
After forming a double top pattern, the inevitable fall came and XEM / NEM was forgotten by many, being the fourth most important coin in the ranking of the crypto market. Following Bulkowski's theory about the Adam & Adam double top pattern, where levels A, B and C are marked, and then take a change in the trend towards a bull market. coinmarketcap.com We will...
Start accumulating XEM now if you have not yet, wait for 3-5 green candle sticks consecutively with volume increasing for the more cautious trader. Otherwise, start buying now because its only a matter of time before the next leg up.
Lower target 10-11k, potential target 14k+.
NEM just had a very large bullish engulfing bar which could indicate a very strong bullish move. I also got a signal from my BuySell indicator and a triple confirmation with the MACD on the 2 hour chart
XEM after second triangle new ath to 10200?
Update of previous idea... XEM's chart is remarkably similar to XRP.
Note the sell off post HVF Method Target on XEMBTC = Progress decay. Later reversion to a long post pullback if funnel not run and basing occurs, then we continue to assume bull, if 0.000025 is run reversion to bear.
Pullback Time at Target for NEMBTC, LT Bull continuation
NEMBTC makes its HVF Target. Showing the action is now outside BTC and in the top 10 others.