NEM XEMUSD - Road to 50 000 USD! Impulse Elliott Wave + Channel!
Updated
- This is my projection for a Millenium Imuplse Elliott Wave (Road to 50 000 USD!)
- If the market will follow a standard Impulse wave, we can imagine a structure something like this.
- 20 monthly moving average seems like a good moving support/resistance, can be definitely a good opportunity in the future to buy exactly at this point.
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - For more information, please check my signature below ↓
- Overall the the price is moving in the ascending parallel channel. The channel is still not confirmed, this is only a projection (as we need at least 2 touches at top of the channel.)
- For my wave's target, i use 1:1 Trend-Based FIB Extension.
- Is this coin a good long-term long compared to other alt coins? Well, this will take some extra research indeed!
- If you want to see more of these ideas, hit "Like" & "Follow"!
- If the market will follow a standard Impulse wave, we can imagine a structure something like this.
- 20 monthly moving average seems like a good moving support/resistance, can be definitely a good opportunity in the future to buy exactly at this point.
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - For more information, please check my signature below ↓
- Overall the the price is moving in the ascending parallel channel. The channel is still not confirmed, this is only a projection (as we need at least 2 touches at top of the channel.)
- For my wave's target, i use 1:1 Trend-Based FIB Extension.
- Is this coin a good long-term long compared to other alt coins? Well, this will take some extra research indeed!
- If you want to see more of these ideas, hit "Like" & "Follow"!
Note
New CryptoCurrency: XYMsymbolplatform.com/xym/
Note
Binance supports XYM airdrop for XEM hodlers:binance.com/en/support/announcement/2a332c43213441568920157a700ed266
XEM is still very bullish! Weekly Uptrend just started. Great buying opportunity.
Note
XYM cryptocurrency started with an impulse wave to the upside, which indicates us high buying interest at the start.Note
I do not want to look like i am a fan of XEM or XYM. It's just a technical analysis, i am not holding XEM or XYM long term.Note
Only Bitcoin (BTC) is a store of value and digital gold. Nothing else. Others coins like ethereum, cardano, eos and others are just a good ponzi to make some profits. But try to dig your Ethereum into the earth and after 100 years it will be worth Zero.Note
It is really important to keep that in mind, that only BTC can survive thousands of years.
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