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DeejaiRiangkrul

New Economy Movement Ascending Channel (XEM/BTC)

Long
NEM / Bitcoin (POLONIEX:XEMBTC)  
DeejaiRiangkrul Updated   
POLONIEX:XEMBTC   NEM / Bitcoin
Trend Analysis Chart Patterns Technical Analysis technical_analysis nembtc XEMBTC NEM XEM Bullish Patterns Ascending Channel
5
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trendanalysis chartpattern technicalanalysis technical_analysis nembtc xembtc nem xem bullish ascendingchannel
XEM/BTC otherwise known as NEM/BTC has established a short term ascending triangle with considerable resistance at 3500. If the ascending channel does not break, New Economy Movement will transcend above this resistance line towards 4440. If a breakout on the ascending channel occurs, 5548 will be the next target level. 



Target: 4440
Second Target: 5548
Comment:
First target reached, resistance line broken on the ascending channel. XEM is nicely heading towards the second target.
Trade closed: target reached:
Beautiful movement in New Economy Movement.
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