NEM can be Bought and hold for a while 07/02/2021
Updated
as we can see XEM is in a ascending parallels channel and can be purchased and hold for a while as it seems to be in a good place to purchase
we can see it has already bounced from its previews waves Fibonacci retracement golden zone ,and crossed up from its accumulation zone
it has a very good chance to touch its Fibonacci expansion of 27% which has got some confluences with upper boundary of the ascending channel
we have specified 2 TPs and Stop loss level in this trade
please comment you opinion regarding this prediction
we can see it has already bounced from its previews waves Fibonacci retracement golden zone ,and crossed up from its accumulation zone
it has a very good chance to touch its Fibonacci expansion of 27% which has got some confluences with upper boundary of the ascending channel
we have specified 2 TPs and Stop loss level in this trade
please comment you opinion regarding this prediction
Trade closed: target reached
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.