I was checked XEM history a bit. In this picture we see the first accumulation phase beetwen 8 feb 2016-30 may 2016 and after we can see a nice pump
Second accumulation phase was beetwen 7 sept 2016-6 feb 2017 after a hugeeee puuuuump and now..also we are in accumulation phase and we have a very huge bullish divergence at 1week timeframe.
First fibonnaci target and also ichimoku cloud resistance are in 0.236 fib which means 0.00003444 sats
It s not much to say about this chart,we have bull divergence,accumulation phase and after we are mooning!
Enjoy
Note
In my Opinion if BTC breakdown this can go down also a little bit but charts are looking good!
1 Weekly supports:
-1302 sats
-850 sats
-549 sats
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.