Guys, I revised the chart scaling.
Firstly, I want to say that the long-term trend line coincides with the 1x8 angle and it holds and this is a good sign.
Secondly, I see signs of the beginning of a new cycle.
I've already seen a similar chart somewhere and this is a BTC chart before he started parabolic growth.
Congrats to all in NEM/XEM, I think that you made a very successful long-term investment!
As for the bearish scenario, yes indeed such a probability exists.
Look at the chart, where you see the support below? ~10 cents, right?
What should happen with the top10 cryptocurrency to lost about half of the capitalization?
Of course in the cryptoworld anything can happen, but I personally think that such a probability is not high.
Trade at your own risk.
Firstly, I want to say that the long-term trend line coincides with the 1x8 angle and it holds and this is a good sign.
Secondly, I see signs of the beginning of a new cycle.
I've already seen a similar chart somewhere and this is a BTC chart before he started parabolic growth.
Congrats to all in NEM/XEM, I think that you made a very successful long-term investment!
As for the bearish scenario, yes indeed such a probability exists.
Look at the chart, where you see the support below? ~10 cents, right?
What should happen with the top10 cryptocurrency to lost about half of the capitalization?
Of course in the cryptoworld anything can happen, but I personally think that such a probability is not high.
Trade at your own risk.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.