- This is my projection for a Millenium Imuplse Elliott Wave (Road to 50 000 USD!)
- If the market will follow a standard Impulse wave, we can imagine a structure something like this.
- 20 monthly moving average seems like a good moving support/resistance, can be definitely a good opportunity in the future to buy exactly at this point.
- Expected duration of...
NEM's unique consensus algorithm could be re-evaluated in the long run. Ethereum is trying to take over the standard of cryptocurrency, but as NEM gains the essence of smart contracts in the future, it will become equally useful. At the very least, nem has potential and is a good investment.
This is my personal opinion and may contain mistakes. Not responsible...
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(XEMUSD 1W chart)
We need to see if we can get support at the 0.36545048 point and climb along the uptrend line.
If I was invested in this crypto I would sell it all right now.
The pattern looks like its very close to a huge drop in Wave A.
Be cautious of certain coins that really don't live up to their expectations.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a...
I expect NEM to grow again for the following reasons:
1. Weekly SRSI : Oversold
2. Weekly Positive Harami Candle
3. Weekly RSI (14) : has support and is showing accumulation
4. Weekly RSI (2): we may need to look for another dip which make another Higher Low and then buy.
5. Descending Trend Line needs to be broken up
6. Fundamentals: based on FCAS framework of...