This scenario is a little dreamy but not impossible.
Harmonic pattern AB=CD and PRZs according to the Prechter method.
I believe it can reach its first PRZ of around 2$.
Trading suggestion:
. 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.
Technical analysis:
. 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.
....
Trading suggestion:
. 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.
Technical analysis:
. 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.
....
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.
according to the fundamental news said that the bullish side of crypto market, will lasted until the 2024, we will see that huge amount of bullish movement in the xem/usdt. i hope that happen and we gain huge profit in the coming years.
Price might go down to 0.0780000 which was a resistance in Feb, and now a support level around Fibo 61.8, if price will not break 0.078, it might go back up to 0.11 / 0.12.
