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XEMBTC trade ideas

Time for XEM again?I exited all my XEM positions a bit early the last run but was able to cycle through the profit to other coins to maximize profit. At this point I have exited those positions and looking for a new trade and XEM seems to be primed for another run fairly soon. It has been in this consolidation/correction phase and with Catapult releasing end of May I believe we will hit our extended targets around 7500 Satoshi by the month end. That said, I have not entered back in but looking for a slight retracement of this small bullish move to buy back in a medium position and holding until target is met or stop loss triggered around the low of wave 4.
Long
by DarkPenciI
XEMBTC road to 7000sats - Alternative Elliot WaveHey guys, This seems rather clear, NEM/XEM has succesfully passed the resistance on latest downtrend after the impulsive wave upwards - the support upwards is growing and the only possible stop to this I see is a BTC beatdown, if that doesnt happen, I see this as possible alternation within an impulse elliot wave. We are just finishing the First wave up and correction to that and ready to begin with the 2nd wave up. Most times when market resistance starts decreasing downward the only way is up - and the other way around. Get in to trade and ride the current uptrend and if we fall under you might consider selling, but anyhow now is a good spot to enter a possible very sweet ride. :) Cheers!
Long
by dingdangdong