On the hourly chart the instrument is currently moving in a consolidation channel which could be the finish line of the 2d Elliott wave in a bullish cycle. Breakout of the latest up fractal could be an optimal level to open long position with a short SL level.
Seems Like Getting ready For Massive Breakout
Formed Descending channel Incase Of breakout Expecting 200 to 220% bullish move Keep Eyes On for Massive breakout
On the H4 timeframe level, the price action of $XEM bounced back from its Daily S/R level, which was marked at $0.0381 to $0.0356.
Broke out the resistance trendline as well 👀
XEMUSDT - NEM
SHORT - after crazy pump into the Fib 0.382 Retracement and
fall back under the key level while taking liquidity from the previous double top.
LONG - after a massive fall right into the intersection
between the middle of the downsloping channel and the new rising channel exactly at Fib 0.886 Retracement.
TP1 & TP2 secured letting rest ride.
XEMUSDT - NEM
SHORT - after crazy pump into the Fib 0.382 Retracement and
fall back under the key level while taking liquidity from the previous double top.
LONG after a massive fall right into the intersection
between the middle of the downsloping channel and the new rising channel exactly at Fib 0.886 Retracement.
TP1 & TP2 secured letting rest ride.
#XEMUSDT
we published and shared this idea with you in our profile here as you can check the previous analysis for #XEMUSDT
and this analysis gave really good and massive profits
BoooooooM 🚀🚀
All Targets: done✅
Entry price: 0.0307$✅
Price reached : 0.0774$ ✅
Profit: 252% ✅🚀🚀🤑
