Get started
NEM / Bitcoin
Long

XEM/BTC possible breakout!

By kingjardan
Updated
New Economy Movement aka NEM showing signs of life! If we can close above the triangle on a daily candle, we'll probably see an explosive breakout. When breakout occurs, I will update with targets. Huge potential in the long run, still very undervalued IMO!!

Any comments are welcome
Comment
We still didn't close above the triangle on a daily base so no reason no enter this trade yet.

Price started tanking heavily again since yesterday after we broke .768 fib level and can possibly go on for a little longer.
Comment
.786 level*

Also, NEM has had some problems with the coincheck hack in January and sentiment because of this is pretty messed up. I don't like talking about fundamentals but XEM deposits and withdrawals are frozen on several exchanges and some people have been stuck for weeks with no access to their tokens. Some crappy things are happening but I'm still bullish on this project in the long run.
Comment
Looks like we found support @2870 sats
Let's see if we can close this day strongly!
Comment
Turned around and closed very badly, still not entering this trade.
Comment
WOOOHOOOO *ROCKET EMOJI*
Comment
taking profit at 4890, will wait for pullback
Chart PatternsNEMTrend AnalysisWave AnalysisXEMXEMBTC

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.