This pair seems to be inside a consolidation flag, and it could head two ways that I pointed out on the graphic. RSI shows that there's still room for growth in this market, and considering that BTC is currently going into a correction phase, it wouldn't surprise me if price breaks the downtrend line and heads towards resistance. The 1.12 dollar level could be a good entry point if price breaks the uptrend line and DMI+ confirms upward moving, and then we'd be looking to a gain of possibly 12% gain if it hits resistance and you wanna leave at that point.
I understand the fact that there's no exchanges currently trading XEM/USD but with bitcoin dipping in price we could use this pattern to analyse the XEM/BTC pair. I'm just starting to make analysis, hence why I don't feel confortable posting analysis regarding pairs with BTC because it's behavior is hard to predict.
Let me know what are your thoughts on this and if you think i've made a mistake feel free to correct me.
Peace,
Daniel