XEMUSDT Good buy positions ✔Hello Traders, Hope you are having a fantastic day.
Today in this analysis, I want to talk about XEM. After a sharp correction from 0.60 to 0.30, XEM has been playing on a strong support level ( Purple range )
which has been tested several times as you can see. But what now?
There are 3 good positions for long in my opinion :
1) When it touches the strong support range around 0.30.
2) When it breaks out of the short term descending trend line ( yellow line ) and consolidates above the line.
3) When it breaks the strong support range of 0.30 and touches the Mid term trend line ( blue line ) around 0.28 ( which I don`t think is going to happen )
When XEM breaks the yellow line, First target is 0.40 and if it breaks the 0.40 resistance, I think 0.60 is easily reachable.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my analysis on BTC, I have linked it below and also don`t forget to follow me for further updates and new analysis.
Thank you so much for reading my idea on XEM. ✌
Xemproject
Speechless on $XEM. A Proven Fundamental That Last Longer!I love to see projects that has survived from many challenges. Just like XEM. One of the oldest projects that still stand strong. Even, currently, they're working with Pundi X and creating NPXSXEM!
You can say the team is down to earth to admit they're in need of strong partnership or in other words they need to be ready of any challenges ahead and be open minded for every opportunity around.
Above all, I'm watching XEM progress and i can see there is a bright future for the team head if the team keep making a steady progress.
Look at the chart, pretty much lovely for the R:R ratio.. and Fibonacci is available for you who look for mid-term targets. I'm not swing trade XEM, I kind trend trade. It's better strategy on XEM and not cost me a lot of energy :)
So, what are you waiting for? the blue arrow says good to get in!
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. Thanks a lot!
Daily Bullish Signal #XEM #XEMBTC (11-10)#XEM (XEM/BTC)
Buy : 1450-1500
Flash Sell : 1550
Short Sell : 1600
Long Sell : 1650-1700-1750-1800-1850
Stop : 1400