A break below the neckline is considered a confirmation of the bearish pattern and suggests that the price is likely to fall further. The target price for the decline is typically calculated by measuring the distance from the head to the neckline and then subtracting that distance from the neckline price.
On the Day Chart It's a no brainer
On the 15minute chart that i'm showing it's a bull flag
you can look at the stem of the bull flag to acquire a price target that hits at least 55% of the time in bull market scenarios
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring XEMUSDT for a buying opportunity,
XEMUSDT UPDATE
Running near our ultimate Target✴️
+60% Profit💸 so far ✍️
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring XEMUSDT for a buying opportunity,
XEMUSDT UPDATE
Falling Wedge Breakout & Retest Has Almost Completed Expecting an energetic move 📈
Here it has maximum chance we can see price around 0.O6000💰 in coming days ✍️
XEMUSDT.P is in bullish trend.
Big bearish divergence shown in RSI.
Rising wedge reversal pattern also form.
We wait and watch for the breakoout of rising wedge reversal pattern.
💎 Paradisers, get ready for a dynamic trading opportunity with XEMUSDT. The asset is demonstrating significant activity within the demand zone, suggesting an impending shift towards an upward trend.
💎 NEM has been following a trading channel pattern with precision. Its recent breakout from this channel signals a potential rise towards a resistance level, then a...
◳◱ On the $XEM/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.04344 | 0.05071 | 0.06368 and support near 0.03047 | 0.02477 | 0.0118. Entering trades at 0.03628 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: NEM
▣ Rank: 136
▣...
hello dear trader
xem after collect some liquidity ready for breakout downtrend channel
there are 2 take profit exist on this chart
What is NEM?
NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the...
Thanks for reading this update.
XEM seems to enter a new increase in volume.
KRW volume increase for (NEM) XEM.
This can show a break since unexpected volume.
Hello traders, if you have been following my analysis you should be fine. another opportunity to buy and hold , from the chart breakout of fallen wedge and my focus is 50% roi DYOR, next buy order is the next support.
Tradehubng
### Fundamental Analysis
Xem is a cryptocurrency that is native to the NEM blockchain. NEM is a public blockchain platform that is designed to be scalable and secure. It uses a unique consensus mechanism called Proof-of-Importance (POI) which rewards users for holding and transacting Xem.
Xem has a number of potential use cases, including:
* **Payments:** Xem...
💎 Paradisers gear up for an intriguing prospect with XEMUSDT. Following its recent dip, we're observing a revival of bullish energy.
💎Historically, XEM has showcased a pattern of trading within a defined range, consistently adhering to particular support and resistance thresholds. There have been instances of deceptive breakouts and liquidity captures....
XEMUSDT is trading under declining trendline and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the channel.
Currently the price is forming a local support around 0.0245 region , seems like the buyers are getting ready for some serious move to upside.
Will the bulls take charge again continue for leg higher
I think it's turning bullish now. With positive volume and a buy signal in 7-star buy we can see an uptrend in XEM
1st Target: 0.029
2nd Target: 0.065
3rd Target: Moon
Stop Loss: 0.025
Enjoy
NEM is a blockchain-based cryptocurrency created in 2015 by a team of developers led by Nguyen Thanh Trung. NEM is designed to be easy to use and highly scalable.
Blockchain: NEM runs on a public blockchain. This means that anyone can join the network and verify transactions.
Smart contracts: NEM does not support smart contracts.
Applications: NEM is used for a...
