NEM (XEM) formed big bullish Gartley for upto 154% reversal move
Hi dear patrons, hope you are well and welcome to the new trade setup of NEM (XEM) coin.
When I shared the previous harmonic ideaon NEM then the price reversal started, but after hardly hitting the sell targets it moved down again.
Now during the current drop, on a weekly time frame, XEM has formed huge bullish Gartley move. This time the stochastic on weekly chart is also quite oversold, therefore, this time after a reversal we can expect a proper uptrend move.
Buy and sell targets:
Buy between: $0.1190 to $0.0852
Sell between: $0.1664 to $0.2166
Stop loss:
Below $0.0852
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 154% , and loss possibility 18.5% (as per the current price).
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
When I shared the previous harmonic ideaon NEM then the price reversal started, but after hardly hitting the sell targets it moved down again.
Now during the current drop, on a weekly time frame, XEM has formed huge bullish Gartley move. This time the stochastic on weekly chart is also quite oversold, therefore, this time after a reversal we can expect a proper uptrend move.
Buy and sell targets:
Buy between: $0.1190 to $0.0852
Sell between: $0.1664 to $0.2166
Stop loss:
Below $0.0852
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 154% , and loss possibility 18.5% (as per the current price).
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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.