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NEM / Bitcoin
Long

NEM breaking out of the triangle

625
For the past few days the volatility of NEM has been decreasing. I think that we can see a triangle-pattern on the chart. This could be a signal for a long trade.

BUY:
  • ~10500 as 0.5 level of Fibo
  • ~9700 as 0.382 level of Fibo (less likely)


TARGETS:
  • ~13500 as last high
  • ~18000 (long term) as 1.618 Fibo
stront
cryptoCryptocurrencyFibonacciNEMnembtcSupport and ResistanceTrend AnalysisXEMXEMBTC

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cryptoCryptocurrencyFibonacciNEMnembtcSupport and ResistanceTrend AnalysisXEMXEMBTC
stront

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.