💎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
-XEM is trading within a sideways channel
-The battle between the Bulls and Bears
-If you are a support Buyer, you may enter with tight stop loss
-If you are looking for Long momentum entry, wait for the resistance breakout
-But if you want to Short the market, wait for a bearish candle below key support
-Always...
💎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...
I don't know about you, but I've had enough of that giant wedge. Probably altmarket gonna really explode up. So what can we say about XEM/ETH in this scenario? That the ceiling at 1.618 Fibonacci would be ~0.00298 ETH. Need more growth TOTAL2!
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...
XEMBTC situated into a falling wedge which means we will have a nice upward breakout. Stochastic at 1D it s oversold and MACD also slowly will curbate up
What is important also,we have SUPPORT from ichimoku cloud at 1D timeframe so we can make few bucks with this trade.
We have fib supp at 1658 sats but here also it s a good entrypoint
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
I have multiple buy signals on NEM, here are the lists.
Volume have been increasing aligns with VROC signaling trend reversal.
Typical rounding bottom on XEMUSD chart which gives a target of 0.8USD or 600% from current price.
On the other hand the XEMBTC chart shows downtrend...
XEMETH the newly launched pair in binance past threedays is gonna skyrocket. comments regarding the above chart is welcome.good day!!:) expecting good times:)
