XEM/BTC (Found Temporary Support?)💎Technical Analysis Summary💎
BINANCE: XEMBTC
-After the breakdown of its local support area at 940s sat
-The price reaches the previous Bull flag before the rally last August 28
-The selling pressure started to move slowly and we can see green candles
-If the Bulls can regain small momentum, there is a chance of a retest to 940s sat
-Please plan your next trade and follow your stop loss always
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Xemeur
XEM/BTC (Testing Key Level Support)💎Technical Analysis Summary💎
BINANCE: XEMBTC
-XEM is trading within a sideways channel
-The battle between the Bulls and Bears
-If you are a support Buyer, you may enter with tight stop loss
-If you are looking for Long momentum entry, wait for the resistance breakout
-But if you want to Short the market, wait for a bearish candle below key support
-Always plan your trade and follow your stop loss if trade becomes invalid
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Happy Trading!😊💕💖
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XEM/BTC (Retest Previous Support?)💎Technical Analysis Summary💎
BINANCE: XEMBTC
-NEM is trading inside a descending channel which is Bullish
-Only good is pattern is broken to the upside confirming the bias
-The previous resistance is tested new support last Sep 18
-If NEM will keep respecting this channel, it will likely to retest support
-Buying at support is well provided you at a proper cut point
-You may also wait for the proper breakout confirmation
-The upside potential is up to 1300 sat or higher
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Please Exercise Risk Management
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Multiple signals on XEM showing bullish*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
I have multiple buy signals on NEM, here are the lists.
Volume have been increasing aligns with VROC signaling trend reversal.
Typical rounding bottom on XEMUSD chart which gives a target of 0.8USD or 600% from current price.
On the other hand the XEMBTC chart shows downtrend line broken also signaling bullish.