XEM has broken off of it's current trendline, indicating that it might be ready to break out. We have it breaking out above the cloud with the Tenkan moving above the Kijan.
Macd also indicates strong momentum upwards, and we hope the STOCH will continue it's move back to the top of the channel.
Short/Midterm target (1-2 weeks) is around the first resistance...
Stoch and Chikou span doing some funky shit, but RSI looks solid. I think that if XEM hits and stays above the baby trigger we might be in for a bull run. Need volume.
Let see if XEM can go above the blue line. He has an awesome Support line and it will be interesting to see what will happen in the next few days.
After the high votality i see a little smaller moves and then goes up to the lines above current prices. Breakout will be if xem cann break the correction line in near future. With the release of catapult and the icos...
With the new btc alltime high we see another correction in the alts.
With the release of catapult xem should get another ath, but i have no informations about when catapult is going to release. It should be in 2017.
Until then there is a good chance xem is going into the uptrend again. It has good support levels and is fun to trade like stratis.
XEM still no bottom found.
XEM ist the top 2 coin in China. All money goes into NEO right now.
With the realease of catapult xem should go up, but for then we will dip more.
Reason: BTC ath.
If BTC dip we could see some increase.
Leave your opinion.
LG from Germany
Great oppertunity to buy into XEM at the moment. Currently in the middle of bouncing off the first major support line, we can see that this will potentially confirm a trend reversal. Looking like it has also started the second elliot wave cycle so could potentially expect big gains. Stoch is stating that it is oversold which also backs up a bounce off the first...
I am super bullish on ALTS right now. I think btc is gonna take a little dip and pump these things. I am finding my favorite pattern ascending triangles all over the place. Here is one showing the anticipation of the bounce on support creating a ascending triangle. Buy now in anticipation with a tight stop loss or wait for the break out of the resistance.
The price is going to bounce from the downtrend line. RSI is going to confirm a price reversal. We should expect for further downward movement to the uptrend line. If the market bounces from the uptrend line, we'll have a confirmation of possible upward movement. It will be a buy signal when the price breaks the donwtrend line. Also, we can place pending orders...
Watch for price movement near uptrend line and support levels. It's potential zones for market reversal.
Working with fibo.
Good luck with your trades.
