💎Technical Analysis Summary💎
BINANCE: XEMBTC
-After the breakdown of its local support area at 940s sat
-The price reaches the previous Bull flag before the rally last August 28
-The selling pressure started to move slowly and we can see green candles
-If the Bulls can regain small momentum, there is a chance of a retest to 940s sat
-Please plan your next trade...
💎Technical Analysis Summary💎
BINANCE: XEMBTC
-NEM is trading inside a descending channel which is Bullish
-Only good is pattern is broken to the upside confirming the bias
-The previous resistance is tested new support last Sep 18
-If NEM will keep respecting this channel, it will likely to retest support
-Buying at support is well provided you at a proper cut...
XEM/BTC
-NEM confirmed key support at 527 sat range
-This level must hold in the coming days of trading
-It is important to trade above this area
-Also, the 200D MA acted as a dynamic area of support
-If everything goes well, the upside potential is up to 756 sat
-Bearish scenario, close below 200MA
-Will invalidate all Bullish analysis
XEM/BTC
-broke the 200D MA and resistance area of confluence
-if this candle closes today with a green engulfing
-we will likely see more upside action in the coming days
-a potential retest around the fib .382 is also possible
-the upside target is the .618 mid resistance line
-for now, bulls have control of the situation
#XEM/BTC TA Update:
#xem bounce from Support 1 and now #trading at 522 Sat.
if we will break 580 level then flying and Target would be 50%-100%.
stop Loss if candle close below 500 sat then exit and re entry would be 407 sat.
but I watching Market closely if any changes I will updates here or Twitterr.
so keep an eye on bellow level.
Entry: 500-520...
Buy Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Technical analysis:
. NEM/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Trade Setup:
. We opened 9 BUY trade(s) @ 0.01155 (day close price) based on a reversal candle ( Hammer ) at 11.18.2018
Beginning of entry zone (0.01070)
Ending of...
