NEM/BTC have a different story between looking at 4 Hour chart vs 1 Day chart..
this the chart i mention is 4 hour that still undecided which way to go.
because it's still no buyer volume to maintain the bullish movement. yet.
While i check 1 day chart :
- there's still a movement toward downside as MACD is ready to consolidated with buyer/seller line
- Stochastic RSI cleary pointing down. meaning momentum to downward/suppress the price is still continue.
- RSI is wandering around in neutral zone which is 40 -60 (the value number is 56 by the time i write) and pointing down ready to test 40 value number of RSI
- volume level is decreasing indicated some major move will be included..
i remain neutral as this coin just plunge and drop to 97% from it's all time high, According to messari.io/onchainfx
but it's a good coin to get a good precentage of profit and still a good time to accumulate at this level..
beside, we never know how crypto market would react.. lol...
this the chart i mention is 4 hour that still undecided which way to go.
because it's still no buyer volume to maintain the bullish movement. yet.
While i check 1 day chart :
- there's still a movement toward downside as MACD is ready to consolidated with buyer/seller line
- Stochastic RSI cleary pointing down. meaning momentum to downward/suppress the price is still continue.
- RSI is wandering around in neutral zone which is 40 -60 (the value number is 56 by the time i write) and pointing down ready to test 40 value number of RSI
- volume level is decreasing indicated some major move will be included..
i remain neutral as this coin just plunge and drop to 97% from it's all time high, According to messari.io/onchainfx
but it's a good coin to get a good precentage of profit and still a good time to accumulate at this level..
beside, we never know how crypto market would react.. lol...
Comment:
if there's any feed back please leave a comment as i still learning..
Trade active:
i already accumulate around 1240 satoshi and as planned it tried to test the resistance.. ready to resell and rebuy if the price not able to sustain around resistance.
Trade closed manually:
just close around 1250 once the price goes crazy once the btc price goes upward..
ready to rebuy again.
ready to rebuy again.
Trade active:
sorry been a long update about this.. i already got in 1220 once but i sold some around 1240 sat now (25%).. i still have 75% stack of xem ready to long from there.. and let's see what happen
Trade closed manually:
Just sold all stack at 1360 sat..(i know it's risky move for 8 - 10 % gain ) because RSI and stochastic rsi is already in high level and i doubt it will sustain the upward movement + XEM/btc reaching the major hard resistance + the correlation between btc price is already guessed (btc goes up + some alt goes down), also with a delicate volume, it's hard to hold my stack.. and and ready to rebuy around 1300 sat or below for a long term..
