XEM / NEM wave 5
After reading some XEM questions in the public chat I decided to chart down the possible XEM wave 5 preparation.
I still think XEM is in an ongoing correction from the big push it just had. It is under the 6 and 12 hour clouds with the indicators still pointing downwards. It might go up, reach the cloud but then crash down to the 618 fib level. From there I see it trying to shake out weak hands and pretty much pull off a LTC, have a long consolidation/downward movement, make bagholders tired of it and then start pushing up for a wave 5. The wave 5 will not be as big as the wave 3. Expecting it to hit around 20000 sats FOMO a bit higher maybe in the next upcoming weeks.
I still think XEM is in an ongoing correction from the big push it just had. It is under the 6 and 12 hour clouds with the indicators still pointing downwards. It might go up, reach the cloud but then crash down to the 618 fib level. From there I see it trying to shake out weak hands and pretty much pull off a LTC, have a long consolidation/downward movement, make bagholders tired of it and then start pushing up for a wave 5. The wave 5 will not be as big as the wave 3. Expecting it to hit around 20000 sats FOMO a bit higher maybe in the next upcoming weeks.
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