XEM NEM - Impulse wave

15 Jun 2017

Take it for a ride. Honestly I have no clear ideas & opinion about the insights of Nem.

Here, the idea, is just the repetition of the wave. The crosslines point in the support + the rendez-vous and the overall trend line make me confident.

The drawing part is just a cliché.
By following Fib lines, we can expect at least 12000 as a target, but we need more data to know the real potential . x2 is an option.
Focus on settings, timing & variables is needed here because we want to surf on a period of a wave then get out before the scum bath.

I will update.

Ideas & corrections are welcome.

Cheers

15 Jun 2017

Dagangan aktif

It's going on

16 Jun 2017

Nota

1H chart.

These samples show the rejections of the price during the period where the overall market was in a bearish trend. Nem remained quiet powerfull, good news for the upcoming growth.
Pattern evolves slowly but surely... It may suddenly go up, because of accumulation + oversold.. Now we need the big green candle saying "hello everybody" then we're on the move

19 Jun 2017

Dagangan aktif

21 Jun 2017

Nota

Again, XEM still standing in a bearish market period. He's just touching the support .

That does not means It's a winner, but it shows strongness.
There are no weak hands here , majority are holders. So you know what we may expect.

23 Jun 2017

Nota

Below support line. CarefuL

26 Jun 2017

Nota

Close to the edge, should mind the gap

10 Jul 2017

Dagangan aktif

We're at the major support now. The impulse wave idea has failed.
I'm still believing in NEM, however the period is particularly dependant on Bitcoin pattern & I'm not qualified to provide any meaningful commentary on this issue.
So, I sold half of my Nem few days ago in order to grab more at the end of the week depending of the situation.