After the recent jump xem is following a falling wedge pattern which is a bullish sign.. sone it will touch new highs
After the previous jump now its in a falling wedge pattern and will gona touch new high
XEMUSDT(NEM) Daily timeframe range. its a pretty simple and clean chart. #0.0662 current resistance clearing out open a clear space till #0.0875. failing will lead it to #0.0474 or below.
Seems Like Xem Has Already Bottomed Out Formed Descending Channel In daily Timeframe InCase Of Breakout Expecting 90 -100% Bullish Move
We've detected a Resistance Breakout and Confirmation on the $XEM / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are at 0.0418 | 0.0442 | 0.0497 and the major support zones are respectively at 0.0363 | 0.0332 | 0.0277. We may consider...
Buy Zone 0.0144 - 0.0172 - 0.0193 Sell Zone 0.0382 - 0.0431 - 0.0542 Trend 1W - BUY 1D - BUY 4H - BUY
Buy Zone 0.0149 - 0.0179 - 0.0199 Sell Zone 0.0396 - 0.0446 - 0.0561 Trend 1W - SELL 1D - SELL 4H - BUY
butterfly harmonic pattern: AB=0.78 XA BC=0.88 AB CD=1.6 BC or CD=2.24 BC
after it lost $0.035 and ruined the butterfly harmonic pattern we must think about Gartley harmonic pattern in the 2nd wave. but descending waves have made a Cypher with 5 waves.
XEM is one of my favorite trends for one important reason, history massive returns happened over the years and still holding the up trend, to see that consolidation over a long period of time is an indicator of up continuation, the behavior of the impulsive wave is one other reason I like this coin, very aggressive on its impulsive waves, and it's still cheap so...
trendline getting weaker incase of breakout expecting minimum 2x not a financial advice
BINANCE:XEMUSDT Potential Bearish Bat Potential Reversal Zone: BC Retracement (1.618 | 2.618) Near: 0.03223 Far: 0.03303 XA Retracement (0.886) Near: 0.03295 Far: N/A
crab harmonic pattern: X=$0.276 AB=0.61 XA BC=0.38 AB 1.6 BC=$0.047 0.78 XA=$0.056 2 BC=$0.093 0.88 XA=$0.118 2.24 BC=$0.142 2.6 BC=$0.277 1.13 XA=$0.729 3.6 BC=$1.61 1.27 XA=$2.1 4.23 BC=$4.79 1.41 XA=$5.89 1.6 XA=$27.85
butterfly harmonic pattern: AB=0.78 XA BC=0.88 AB=$0.034 tp1=0.78 BC=$0.47 or 0.88 BC=$0.65 tp2=0.88 BC$1.29 tp3=1.6 BC=1.27 XA=$7.5 tp4=1.6 XA=$34 tp5=2.24 BC=$53
XEM is accumulating on the 0.88 Fibo level of the last ascending wave at $0.034.
Two options for entry , follow the risk management and don't forget to put stop loss
NEM buy setup base on our analysis bullish setup on xem target 0.11