. There is a possibility of temporary retracement to suggested support line (0.31). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. NEMUSD 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.
Williams Alligator Indicator shows the alligator starting to ¨open its mouth¨, with candlesticks moving further away from the lines, indicating the presence of bullish momentum.
RSI shows that XEMUSD is not overbought or oversold, therefore, a trend reversal or corrective pullback are unlikely to occur in the near future.
MACD line is over the signal line,...
In this training / trading idea, I showed the whole history of the price chart of this scam coin of high capitalization.
Pay attention to the increase in prices by 2666000% (26660 hamster X) for 2 years from January 18 (6 + 6 + 6) (01) 2016 to January 1 (01) 2018.
What strange figures are 2 years of an uptrend and an increase of 2-666-000%. Is it really a...
So, let's evaluate chart history, I'm not a fan of short forecasts, and we should look at broader patterns. To do this, let's try to build a Fibo channel on a weekly chart (with logarithm enabled, it's important) so that the ascending diagonal is 0 from which the growth starts.
1. The first episode. The price went up to 0.236 Fibo, and for some time sneaked over...
Price action held price hold level beautifully at .618 level in this 2nd re-accumulation level, looking now to move up to around $.50 in the not too distant future. You might be lucky enough to get entry around the hold area of $.2458.