Nice swing trade with high probability to 1.5k, if it works, then on to 2k.
If XEM breaks below triangle it could dump to the supporting trendline.
The New Economy Coin has a long history relative to other altcoins and has recently shown exponential gains in price. It is my recommendation to buy or hold this interesting alt. The coin features are unique such as NEM's multisig solution (details can be found on the coin's website at www.nem.io ). Encrypted messaging is also an interesting feature. Of course...
**INEXPERIENCED TRADER** Saving this idea for my own documentation and learning purposes.
See chart for ideas - a breakout past the neckline would seem to indicate a target of around 0.00014. Be careful with this and make sure you get in and get out - this thing has risen so high lately it's hard to tell how sustainable it is...likely a crash incoming in the near future
XEM/BTC Currently at a critical resistance 0.00010200 btc, (or approximate $0.19 - $0.20.) Let's hope it can maintain above it for a good support.
im still dont know wwhere it will stop. bt it w just surpase the last price. i planning to buyback at the bluebox
My XEM Projection (XEM/BTC, Poloniex) Of course we always have to take in to effects of what Bitcoin does, will do. This is just an analysis from previous trends.
XEM after second triangle new ath to 10200?
Update of previous idea... XEM's chart is remarkably similar to XRP.