Hi guys
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...
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.
Good luck!
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 to $0.1240
Fibonacci projection or...
Hello traders
As you can see in the chart, the price is moving in 2 different channels, both on their bottom line. So I expect the price to rise since there is good news ahead for NEM. On the other hand, price got supported on MA and Ichimokou too.
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What is your opinion? Comment below.
If you...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.25870).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. 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...
Trading suggestion:
". 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."
Technical analysis:
. 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...
Today, XEM/USDT has once again touched the upward sloping trend line. Promptly, the pair reversed to continue its upward momentum.
Consider Resistance 1 and Resistance 2 as potential exits. Do your own DD.
Try to entry around 0.21 - 0.23
FA of XEM :
- Party popper After rigorous testing, #Symbol is nearing readiness for #public use. Code is frozen, and the technology will be v1.0 of mainnet #launch on 14 Jan. Huge congrats to the team - Symbol launch has moved a big step closer!
- We’re excited to announce support for the upcoming Symbol $XYM airdrop for...
