NEM bounce area after correction, catch it now!

Hi all, NEM looks now that is in possible bounce area (buy range), we saw some nice move from 12.Nov to 8.Dec (50% up), correction in progress now, if there will be 3 correction wave end, is possible strong move up. around 1700sat is most buy sell orders, so its strong support for NEM.

Stochastic oversold, almost crossing now.If there will be bounce and we see first and second impulse wave possible Head and shoulders pattern.

targets:
2000sat
2400sat

stoploss: under 1400sat

I will be update it.
If you like my work please leave some action here

Thank you

Comment:

Hi all NEM now is in my BUY range, around strong resistance 1700sat. Stoch 4h oversold

1D stoch crossing, looks possitive now.

Comment:

Hi so today we saw some little action here with bigger volume, 4H chart looks fantastic, MACD and RSI possitive divergence, If there will be volume we can attack 1800sat, strong support around 1700sat hold and I hope that was 3 correction wave.

Comment:

in 1D MACD look turn direction, Stochastic oversold few days, possible bigger move soon

Comment:

Hi all, I am waiting for big move soon, support around 1600-1700sat still hold, indicators oversold, MACD bullish divergence, possible end correction wave 3.

Trade active:

Hi all today I work for another Nem analysis, look at this, is now in breaking point, trade is active, Stoploss under 1400sat, correction was longer that I think, we can adapt now.