XEMBTC DOUBLE BOTTOM WEEKLY Timeframe??
I m maded another chart because my opinion was changed a little bit about this trade.I tell you once again,is situated into a falling wedge which is a reversal pattern and we will have a breakout(upward movement) and also they can make a beautiful DOUBLE BOTTOM pattern at weekly timeframe which means INSANE PUMP like Waves. At stochastic we have bear cross and freefall , bull macd need to touch bear macd and also soon will be a deathcross at this timeframe which means we will going down from here a little
VPVR volume told us we are at a very very strong support zone .
To form this double bottom which is a huge reversal pattern we need to to go down around 1300 sats,if and when this played out we can make huge huge gains
Why i m expect a nice movement? Alex Tinsman & Co will release CATAPULT roadmap in q1 2019 and soon updates will come also
Nemtech
XEM BTC RETRACEMENT
XEMBTC situated into falling wedge and probably can touch top of this channel which is 2293 sats and after will make a breakdown(correction) after 42-57.52% gains
We have a bear cross at stochastic
MACD need a down correction but to remain bullish they need to stay above neutral zone -0-
RSI bullish, near overbought zone
Or from here 2051 sats or between 2051-2293 sats will going down to make this correction.
FIB supports are: 0.618 1963 sats, 0.50 1861 sats and 0.382 1759 sats which is also a support from ichimoku cloud. I m solded XEM at 2102,i hope Will make this correction :)
I m waiting for re-entry :) long term it s very very bullish