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Formed falling wedge -reversal pattern after consilidation in horisontal trend. Break out resistance line. Targets - all fibonacci levels
NEM blockchain was picked because it possesses unique features with regards to authenticating and managing traceability according to Malaysia’s Ministry of ...
after 2 rounds of consolidation POLONIEX:XEMBTC has possibility to rise up once again.
Since 17 aug the XEMBTC was in a pennant now on 12 nov the price action has broken the resistance of pennant with powerfull volume after making double bottom within the pennant, now the price line is still above the pennant's resistance even after the fib retracement showing a bullish move it has created a first bull flag, here I have placed a pitch fork the price ...
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Next Economy Movement (NEM) is always on of the list of top cryptocurrencies by market capitalization. It is sitting at #17 with almost $900,000,000.00 in Market cap. This is a very strong project and it has huge potential. The charts are looking simply great for this coin. This one has been a good money maker for us in the past... Let's take a look, let's see ...
Hi NEM (XEM) is cryptocurrency with strong potencial, if we look on chart there is pattern in 2017,
End of 2018 start new similar pattern, which is not complete. there miss end of pattern number 5 in charts.
If will be repeat it we can look very hight with potencial bullrun in november december.
Its my view for potencial great profit from NEM.
My targets: ...
My thoughts on XEM! Use tight stop loss, follow your money management a pay attention to BTC.
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TRADE DURATION: SHORT TERM 1 WEEK
. NEM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of ...
NEM (XEM) Trying to Falling Wedge Pattern if You are Thinking to buy then Follow this Wedge Pattern at Try to Buy Between 1300-1350.
XEM broke major resistance, lets see if she has more fuel in the engine.
Hard not to jump in on this with that giant volume bar on XEM I say wait until we have a confirmed break above the h&s neckline though that flips the neckkline from resistance to support and solidifies it with either 2 1 day candle closes above it or another huge influx of bull volume once it crosses above the neckline...it's already done a fake out once it could ...
We have falling wedge that is at the brick of breakingout and at same time price tested 200% fib extension of the last ever impusive upmove.
It worth looking at.
Possible Entry is clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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Volume confirmation is making this look right on track. This has been a sleeping giant and the beast has just woke.
Not investment advice, just my observations...also I have skin in the game on this.
Usually it's good to know some levels before blindly jump into every rise even after strong news announcement.
XEMBTC here is a great example… Many chasers already trapped at the top of the range.
Look to buy dips towards 1500 or even 1350 ( some might be force to exit with loss ;) ) or on a daily break and close above 1800 with 2100 and 2450/2500 as possible ...