XEM ($NEM): ABC Correction is mostly done!
Updated
Hi Guys,
ABC Correction is mostly done and we should make profits soon!
Currently XEM is bouncing significant support zone marked by previous low. Also, near is 1000sat price zone which i consider as a strong psychical support.
If you look in more detail to Poloniex Order book, you will find a lot of buy walls slightly above 1000sat. Imo, good sign of new incoming traders.
I guess, XEM going to visit 1060-1000 zone again to re-test this support. I'm going to wait for the results of this test because there is a still chance to go downward, deeply below 1000sat.
If you like my TA, pls. hit that "like" button, follow me or leave your comments. Thx!
ABC Correction is mostly done and we should make profits soon!
Currently XEM is bouncing significant support zone marked by previous low. Also, near is 1000sat price zone which i consider as a strong psychical support.
If you look in more detail to Poloniex Order book, you will find a lot of buy walls slightly above 1000sat. Imo, good sign of new incoming traders.
I guess, XEM going to visit 1060-1000 zone again to re-test this support. I'm going to wait for the results of this test because there is a still chance to go downward, deeply below 1000sat.
If you like my TA, pls. hit that "like" button, follow me or leave your comments. Thx!
Note
Note
XEM is heading to our buy zone slowly. Note
XEM reached support zone.Note
Now, I'm waiting for confirmation. It means, all of MA on 1H must be broken. In other words, waiting for close above 1070 sats daily. Note
XEM had a nice breaking up green candle today! Currently aprox. 10% profit.The next resistance 1300 sats.
Trade active
Let's catch up the next leg up...Note
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NEM is getting ready for the last leg down to our buy zone! Currently, NEM is developing the Wave-5. Rebound could be quick!
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