Short

XEMBTC INC downtrend

Updated

We can see an inverted cup and handle forming. This means we will have a short upward pressure before it breaks our support line and goes down.

PS: This is just how I read the chart so don't take anything for granted.
Feedback is always welcome ;)

Note

Touched support line

Note

Broke support line

Note

We are now on our way to the next target which is the first blue line T1

Trade closed: target reached

My apologies, I set my first target a bit too low. Here is a chart with the new target. Which got hit. If it drops below we will see it go to the second target.

Trade closed: target reached

This btc crash pushed us to our 3rd target. Small/short downtrend and then we will see it go back up.

InvestAndMultiply

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.