Speculative short term, very short term;)
For me cup is formed on D1 chart A/D indicator. Now wait for properly formed handle and confirmation of this formation.
Now recovery is stronger than from 0.00075, also more XEM accumulated, smart money buys, dumpers will be doomed:), strong resistance should be at 0.0001
This bat needs confirmation, double bottom on "D", or wave "CD" can even go deeper to 0.8 (0.00007 BTC) Fibonnacci level of wave formed from around 0.000055 to 0.00014
Another one bat, better shaped and more harmonic, seek more longs when double bottom on "D" will be formed, or wave "CD" will be much deeper (around 0.00007) with divergence on CCI or RSI and AD indicators. More risk approach is to seek longs now on correction of small wave, that comes from "D".
I am curious, if impulse from formed bullish flag (XEM must in this case brake 0.00014 resistance) can go to at least 0.00016-0.000165 area. When flag will be confirmed, more longs should be played (after all this accumulated on the lower prices).
Thats what is possible to happen, its version of future with option that XEM will do WXY correction before ending with spectacular 5 (in 3rd wave of higher tier).
Lets look at amazing coin XEM:), and his sexy triangles.
If confirmed area 0.00012500- 0.00013500 will be tested by XEM:)
That is the question, I think NEM should correct, area 0.00006000-0.00008000 may give nice longs opportunity. We must observe.
Beware this bat dear traders, if SHS formation from my prevoius idea will be in play, someone could take profits faster:)
Bullish bat was formed, but its not to late to join this move, seek possibilities on m15 and m5 interval, take profits on blue lines or from SHS formation when its formed. After that we see bearish gartley formed, but we must wait for more price action, to decide, short or not short:)
This SHS formation is very risky, only for traders, who can baghold XEMs, after fail of this formation.
Prepare Your BTCs to buy some XEMies;)