XEM
Situation update and chart redrawing.It's simplified drawing made by me in comparison to the last one chart @XEMUSD
Under 24-28.5cents area XEM is poised to sideways moves with tendency to slow sliding down (in case of BTCUSD pushing higher), or growing dumps and more blood in chart (after the topping @BTCUSD and dumping behaviour, as it was). It is now visible that XEM and overall altcoins did not participate in Bitcoins bullrun, like it was in Spring or in August. So after topping there and greater correction this can turn out badly for altcoins and XEM is not immune in that matter of course. It's really sad that i have no technical positives for "hodlers" of XEM, but maybe 2018 year and further developing of NEMs ecosystem and platform can change something in price moves. Looking historically @XEMs price moves, the autumn was the best time to accumulate XEMs cheap, and then sell it in the next year. That worked for me 2 times in a row, i'am curious if it can works one more time.
XEM oversold on dailyThis is an interesting one , XEM is oversold on daily level , finds itself on a strong old support , if it breaks it might go to FIB level support. But if it goes thru resistance XEM is very Bull. Very interesting to see what happens , i'm bullish on XEM because it has a lot of good news to come and it's already oversold and on support , so let's see what happens
$XEM bullish signs; will break out any time $BTC $XEM$XEM is already showing very bullish signs; conferences one after another will serve as catalyst to shoot $XEM to the moon. Sell stops indicated at various fib levels. $XEM needs to break the 0.382 fib level to shoot up - just need a conference as a catalyst.