XEM NEM - Impulse wave

Updated

Take it for a ride. Honestly I have no clear ideas & opinion about the insights of Nem.

Here, the idea, is just the repetition of the wave. The crosslines point in the support + the rendez-vous and the overall trend line make me confident.

The drawing part is just a cliché.
By following Fib lines, we can expect at least 12000 as a target, but we need more data to know the real potential . x2 is an option.
Focus on settings, timing & variables is needed here because we want to surf on a period of a wave then get out before the scum bath.

I will update.

Ideas & corrections are welcome.

Cheers

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It's going on

Note

1H chart.

These samples show the rejections of the price during the period where the overall market was in a bearish trend. Nem remained quiet powerfull, good news for the upcoming growth.
Pattern evolves slowly but surely... It may suddenly go up, because of accumulation + oversold.. Now we need the big green candle saying "hello everybody" then we're on the move

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Note

Again, XEM still standing in a bearish market period. He's just touching the support .

That does not means It's a winner, but it shows strongness.
There are no weak hands here , majority are holders. So you know what we may expect.

Note

Below support line. CarefuL

Note

Close to the edge, should mind the gap

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We're at the major support now. The impulse wave idea has failed.
I'm still believing in NEM, however the period is particularly dependant on Bitcoin pattern & I'm not qualified to provide any meaningful commentary on this issue.
So, I sold half of my Nem few days ago in order to grab more at the end of the week depending of the situation.

Jerome_Aki

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