Volume confirmation is making this look right on track. This has been a sleeping giant and the beast has just woke.
Not investment advice, just my observations...also I have skin in the game on this.
I see an inverse head and shoulders pattern that could be extremely bullish with volume confirmation. Trading above the hammers right now is also very bullish, considering the most recent long-handled hammers are confirmed by large volume spikes.
Another green volume spike should send the price back up.
XEMBTC has some rather amazing previous moves in price, and could potentially leap much higher as more people use XEMBTC as the underlying infrastructure. Strictly by the charts, bullish divergence in the Chaikin and excellent candlestick formations on heavy volume indicate a reversal is incoming. Low volume down drifting, looks like the bears are losing steam.
This coin is inexpensive and more accessible than most. It won't take much to leap up against bitcoin and regain 0.0001 considering the beautifully locked and loaded nature of multiple indicators on this chart along with bullish divergence.
Looking for more volume, despite confirmed volume over average 8 of 14 days (not counting current day), so I would like to...
