$XEM.X is testing 1d resistance after the breakout from descending channel. IF the price will flip resistance as new support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily...
Xem has been falling down for a very long time, if you look at daily macd it's really a time to recover. Also every new day is less and less time to airdrop. Dispite a fact that a final date is not yet announced price can easily grow because any day this announcement can appear.
This is not a financial advice. I'm only sharing my own ideas in which I believe.
after the nice upward move XEM USDT pair is now in the correction phase, the correction looks healthy and the 2 last touches of support zone with decreasing volume, support the possibility of double top formation.
now that's the time to watch the coin: if XEM breaks the Descending trend line, can follow the road map and the targets mentioned.
on the other...
All we need is to get the good news comming, buisness partners, governments and buisnesses integrating and using the blockchain. NEM is a solid project, with a good tech buildt around it.
Notable recent news:
Bank of Lithuania has issued NEM blockchain-based digital collector coin.
Lithuanian central bank issued 24,000 digital tokens and 4000 silver...
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, I am not responsible for your investment decision. Thank you.
On the daily chart, the price action of the NEM (XEM) coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Potential reversal or buying zone: $0.1576...
". There is a possibility of temporary retracement to suggested support line (0.2587000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XEMUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
BUY DEEP: 0.1870
Take profit: Like chart
Note: In case price close under buy deep and not have pull back. I will update for long term.
Good luck and safe trade.
DO TRUNG QUAN.