NEMLong
XEM/ USD : NEM GOING UP
Updated
HEY TRADERS, ONE OF MY MOST RECENT BAGS. I REALLY LIKED THIS COINS FUNDAMENTALS AND TA. HERE ARE MY THOUGHTS ON THE MATTER..
WE HAVE VERY GOOD SUPPORT AT $0.746
THERE'S DESCENT RESISTANCE ON THE DIAGONAL. NOT AS STRONG AS THE SUPPORT.
BEARISH ENGULFMENT BEGAN ON JANUARY 8TH AND CONTINUED FOR 4 DAYS THEREAFTER.
THE MARKET LEVELED OUT ON JANUARY 12TH FOR 4 DAYS. DURING THAT PERIOD THE BULLS TRIED TO TAKE BACK CONTROL BUT FAILED.
ON JANUARY 16TH THE BEARS CLEARLY STOMPED OUT THE BULLS. GAINING A FIRM HOLD ON THE MARKET'S HEALTH.
ON JANUARY 17TH WE SAW SEVERAL BULLISH PIERCING PATTERNS. SIGNALING THE BULLS PERSISTENCE TO FIGHT BACK.
SINCE THEN THE BEARS HAVE ONCE AGAIN DOMINATED AND ARE TAKING CONTROL.
I THINK WE WILL TEST WHITE SUPPORT WITHIN THE WEEK, AND REBOUND TO BREAK DIAGONAL RESISTANCE. WHERE WE WILL HIT $1.43+
PM ME FOR ANY REQUESTS. AND STAY HUNGRY MY FRIENDS. THERE'S PLENTY TO GO AROUND $$$
WE HAVE VERY GOOD SUPPORT AT $0.746
THERE'S DESCENT RESISTANCE ON THE DIAGONAL. NOT AS STRONG AS THE SUPPORT.
BEARISH ENGULFMENT BEGAN ON JANUARY 8TH AND CONTINUED FOR 4 DAYS THEREAFTER.
THE MARKET LEVELED OUT ON JANUARY 12TH FOR 4 DAYS. DURING THAT PERIOD THE BULLS TRIED TO TAKE BACK CONTROL BUT FAILED.
ON JANUARY 16TH THE BEARS CLEARLY STOMPED OUT THE BULLS. GAINING A FIRM HOLD ON THE MARKET'S HEALTH.
ON JANUARY 17TH WE SAW SEVERAL BULLISH PIERCING PATTERNS. SIGNALING THE BULLS PERSISTENCE TO FIGHT BACK.
SINCE THEN THE BEARS HAVE ONCE AGAIN DOMINATED AND ARE TAKING CONTROL.
I THINK WE WILL TEST WHITE SUPPORT WITHIN THE WEEK, AND REBOUND TO BREAK DIAGONAL RESISTANCE. WHERE WE WILL HIT $1.43+
PM ME FOR ANY REQUESTS. AND STAY HUNGRY MY FRIENDS. THERE'S PLENTY TO GO AROUND $$$
Note
GOT A BREAKOUT ON THE DIAGONAL RESIST LINE. YOU CAN BUY NOW OR WAIT FOR A CONFIRMATION (RETEST OF DIAGONAL). MOST PROS WAIT BUT UP TO YOUNote
WE HAD A RETEST AT AROUND $0.58 AND BULLS BOUGHT IT UP A BIT SOON AFTER. WE ARE FOLLOWING THE DIAGONAL SUPPORT PRETTY CLEAN. NOT SURE HOW LONG THIS BEAR TREND WILL GO
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