Hey everyone, this looks like an ideal, entry and accumulation for those that believe in XEM.
This is the most technical trade i have seen in a while.
We have a lot of trend line converging on a specific price level.
The 4-5 wave on descending channel was broken. And we having almost little sellers left.
If price can;t go any lower, it usually going to go the opposite direction.
Larger volumes on a flat price line with little volatility is a good indication that a reversal is more likely, the downfall.
And with a current stop loss of about 4-5% anyone who wants to get some XEM should do so.
A rare fractal event is also fast approaching between Sep 12- 13, and the next one is in nov 18th.
Stop losses are identified, in case we are wrong in our assessment of this accumulation.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation.
These fractal events are identified as dotted vertical lines.
Thank you,
Ajion
XEM: 109189300
XEM: NC64UFOWRO6AVMWFV2BFX2NT6W2GURK2EOX6FFMZ
If you support the work i do, and you believe in building a transparent and open crypto fund.