XEM after second triangle new ath to 10200?
Update of previous idea... XEM's chart is remarkably similar to XRP.
XEM is going to climb to around 3300, or even test the previous high around 3480.
Situation is stabilizing and now we are ready for new targets for POLONIEX:XEMBTC
Let`s imagine that this is only beginning and the price will be around 1$ for POLONIEX:XEMBTC ...
Shortly after I posted my last chart, XEM successfully broke out of the falling wedge and made a nice run up to 1784, then consolidated a bit, and shot straight to 1984 hitting exactly the fib level from my fib fan. Right now we are seeing a retracement to 1784 which became a new strong support level. My projection is that we will probably see a bit of...
XEM seems to be in a falling wedge right now. The 1150 - 1200 satoshis support level is strong and seems to be holding, and the volume is decreasing, which means that the short term downtrend is losing steam. If it manages to break out of the wedge convincinly with a big volume increase that should mean a trend reversal is incoming and a big move up.
Dynamic resistance will be broken soon and POLONIEX:XEMBTC will climb at new level!
There is quite a lot of sells on the orderbook between the buy-stop price and the current price. If the price manages to get past all those sells then it has a good chance of pushing further in this trend. Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks. Some of these...
After reaching the target and surpassing it with great force, NEM / XEM is demonstrating its power and protagonism. I even encourage to say that it will be one of the main cryptos this year. Of a healthy, gradual and progressive behavior, it is an ideal long-term investment. It is very probable that with the fall of the BTC (orange line) successfully exited the...
Nem is going to new highs. Consolidation is almost done.
I think that getting down to the previous highs, before the big pump, XEM is a good buying opportunity. Even if I am not a fan of Proof of Stake coins, the NEM team has done some pretty nice developments which could potentially boost the project. It has broken the RSI down trend and has had some nice upside divergence over the last few months. Within the next...
If the price will go down it would be even better opportunity to buy.