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bullish fallingwedge uptrend xem xembtc Less Tags Show All Tags
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mayer mayermultiple stocktoflow stocktoflowmodelvalue stocktoflowmultiple trendanalysis Less Tags Show All Tags
XEM in full bull mode
XEMBTC
, 120
Long
XEMBTC: XEM in full bull mode

Shortly after I posted my last chart, XEM successfully broke out of the falling wedge and made a nice run up to 1784, then consolidated a bit, and shot straight to 1984 hitting exactly the fib level from my fib fan. Right now we are seeing a retracement to 1784 which became a new strong support level. My projection is that we will probably see a bit of...

Bullish falling wedge forming
XEMBTC
, 60
Long
XEMBTC: Bullish falling wedge forming

XEM seems to be in a falling wedge right now. The 1150 - 1200 satoshis support level is strong and seems to be holding, and the volume is decreasing, which means that the short term downtrend is losing steam. If it manages to break out of the wedge convincinly with a big volume increase that should mean a trend reversal is incoming and a big move up.

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