Long
XEM ANALYSIS (BULLISH VOLUME, BUYERS ARE STRONG!)
XEM ANALYSIS:
XEM is another alt that has taken off in a very bullish manner. XEM has reclaimed the 200MA and held it with volume to back the pump. There is no current decrease in volume and buyers are still pushing! I expect a rise to T1 at 640 sats. This is a very small resistance and I expect this to be broken quickly. The main target is T2 at 740 sats. This is within the daily block and buyers should pull back a bit from here. I recommend closing position by T2 and wait to see how market reacts upon entering this zone.
Possible Entires: 530-580 sats
XEM is another alt that has taken off in a very bullish manner. XEM has reclaimed the 200MA and held it with volume to back the pump. There is no current decrease in volume and buyers are still pushing! I expect a rise to T1 at 640 sats. This is a very small resistance and I expect this to be broken quickly. The main target is T2 at 740 sats. This is within the daily block and buyers should pull back a bit from here. I recommend closing position by T2 and wait to see how market reacts upon entering this zone.
Possible Entires: 530-580 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.