One more triangle, wolves🔥
Symmetrical triangle on small frame on XEMUSDT.
According to Elliott Waves theory all the waves are done and now the price is heading to breakout.
There was a strong bearish sentiment before.
Follow the chart and look for the breakout.
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we can long this now
it might be ranged for a while but the 1 TP is easy to active .
if 2TP triggered you can be sure about the 3 TP too...
we had this analyzed earlier and it can be seen in the linked ideas
The crypto market is living its last bubble days.
The prices do not reflect any fundamentals.
Cryptos are pure retail investments gambling at this point.
XEM Fully Diluted Market Cap $5,087,671,196
Biggest German Bank, Deutsche Bank 23.864B Market Cap
Moderna - saves the world from Covid-19 - 69.146B Market Cap
Ebay - Market Cap 42.174B
FORD - 42.174B MARKET...
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...
as we can see XEM is in a ascending parallels channel and can be purchased and hold for a while as it seems to be in a good place to purchase
we can see it has already bounced from its previews waves Fibonacci retracement golden zone ,and crossed up from its accumulation zone
it has a very good chance to touch its Fibonacci expansion of 27% which has got some...
XEM is attempting to break out of the Round Bottom pattern to rally to $0.36 zone in the coming days, and XEM can fully rally to $0.55 zone.
👉Feb 28 : Symbol Snapshot & Launch
-Buy: 0.275-0.285$. SL if B
-Sell: 0.36-0.37$. SL if A
-Sell: 0.53-0.55$. SL if A
-Sell: 0.275-0.285$ if B. SL if A
-Buy: 0.23-0.24$. SL if...
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out...
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...
Missed a good opportunity, didn't see it until it was too late.
Having said that, my thoughts.
A) Breakout from a consolidation triangle.
B) Hit its target as per the Hight of this structure with confluence with the fib extension of 1.
C) Its likely to hold here and create another continuation pattern
This is where I want to take advantage of it, if it...