Yes, the dominance makes the growth after a long enough correction. But I see that it is still a downward wedge. Up to 66.2, I do not think the trend has changed. Also, if you turn on the weekly chart and look at the Ishimoku clouds, that cross of death on Kijun-sen and Tenkan-sen still has not been cancelled. This is just a fairly tangible correction.
So, let's evaluate chart history, I'm not a fan of short forecasts, and we should look at broader patterns. To do this, let's try to build a Fibo channel on a weekly chart (with logarithm enabled, it's important) so that the ascending diagonal is 0 from which the growth starts.
1. The first episode. The price went up to 0.236 Fibo, and for some time sneaked over...
I don't know about you, but I've had enough of that giant wedge. Probably altmarket gonna really explode up. So what can we say about XEM/ETH in this scenario? That the ceiling at 1.618 Fibonacci would be ~0.00298 ETH. Need more growth TOTAL2!
The main reason for this possible growth will not be XEM growth in itself, but a powerful correction of BTC dominance. Altcoin market will start taking liquidity. Second Net Generation (Symbol, NIS2) will require XEM for those who want to have token number two (XYM). This hyip will start a little later on news. Take 1 XEM and get 1 XYM! The opt-in procedure will...
We can say that XEM will soon go to level 0.00000984. Depending on the strength of buyers, future price behavior can be said by the nature of the breakdown Senkou Span B. For the first time in 2 years Tenkan-sen and Chikou span crossed on weekly timeframe.
In addition, excellent data on MACDs and averages.
Well, since it became so cool to watch XEM in a pair with $ ( Bitcoin can plow the whole picture, it is deceptive), then let's do some exercise.
Those moments that I have not found on other people's charts.
1. Catapult core release is expected at the turn of the 3/4Q of 2019. The market loves damn news (as if you can't buy without news, lol). Up! In addition,...