NEN (XEM) Downward wedge. Which can become a reversal pattern of a downtrend. Everything is on the chart. First goal + 70%. Potential + 300% But also as an option, the price may simply not go further down, but just flat in the same price range with little volatility. For example, this happened with GTO, ZIL. Have a look at related trading ideas. There the price is...
Priceline of NEM / Bitcoin cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
The price action is hitting the strong support at 0.00000477 sats which is not broken since 2016.
After hitting the support the MACD turned weak bearish from strong bearish.
RSI is already...
Testing resistance level at ~520sats
Only if crossed with volume & flipped then I will look for an entry...
Volume in Binance at ~50BTC over the last 24hs
UCTS starting to show buy signals on the lower TFs (1H/2H)
Potential ascending triangle about to break out...
UCTS Buy signal on the 8H chart & lower timeframes
RSI rising from oversold levels..
As targets ~600sats (10%) // 675sats (25%)
tight stop loss under ascending trendline just in case BTC decides to kick us all.
We have a strong setup to go long on a bounce. Trade with care as any movement with BTC will follow with a seel of XEM.
Buying this bounce with a tight stop loss may give you a massive R/R
Trade this as a short time trade. If you are HODL'er it is a time to get some XEM into your portfolio.
This XEM chart tells us when Alt season can begin. If we watch it carefully, whenever has been tested as support and held, Alt season begun. When tested as resistance and couldn't be broke, all Alts fell heavily. Bitcoin runs the show and its near term price action will dictate if Altcoins would be a good trade. If Bitcoin price wwill range for several weeks in...
It is risky for now to say that XEM made the dip.
But this is cryptocurrency world... Maybe the dip has already been done.
If you are willing to take that risk, it will be a risky entry point for me.
In short term, %21,96 profit could work according to correction wave. You call your shot...
Prediction is prediction.
PATIENCE and TAKING PROFIT are the keys...
Pair : #XEM / #BTC
Platform : #Binance #HitBtc #Bittrex #Coinbase #Poloneix #Bitfinex
RSI : 35
Volume : Volume is coming back again in a fair amount.
**Note : MACD lookig bullish crossing over in favor of the bulls. RSI also raising up at a good point of entry. EMA needs some more momentum to be below the price for a reversal bullish...