2-month support established and confirmed multiple times in an uptrend corridor. Ascending Triangle formed within, just broken out.
- 6-month Uptrend and All-time High
- RSI + Stoch well above 50
- MACD below Signal.
Suggested Entry $69.50
Suggested Stop Loss $214.69
Target price $72.64
XEM failed to stay above the key level and the price returned to the sideways zone, which is between an important level of support and an important level of resistance, we expect the sideways movement to continue for more time for this asset.
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NEM Rising channel, heading to 2 week high of $68.88. Newmont is the world largest gold producer and ready to hit 52 week highs. The gold miners have lagged GC futures and GLD etf. Barrick gold is the 2nd largest producer and has a perfect ascending triangle. With FOMC july 30th, I expect these to breakout before and I would take some profits before known event....
Here we are looking at XEMBTC which is showing a strong breakout on increasing volume...
The next target is sitting at 37% for the current price... This is another easy target just as we saw with DLTBTC.
Prices are now moving above EMA200/MA200 which opens the door for additional massive growth.
If you zoom out, you can find additional targets starting with...
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XEMBTC close to breakout, on 1d crossed 100MA
Entry around 480 will be a good opening position.
Possible swing trade targets will be above 600+
Keep eyes on it.
Will XEM run? I don't know for sure, but with alts popping all over the crypto space, a nice run would not be a exception.
On the weekly chart we can see good momentum in the candles and indicators, we are above the MA50
On the daily chart we are pushing against MA200 resistance, a break above would be very bullish. MA's 20 and 50 are showing a possible change...
#XEMBTC Profit Update :-
#XEM now trading 527 satoshi
15% up from our 2nd entry.
and 31% from our 1st Entry.
Still more chance for huge profit.
Short term trader you can take profit.
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Here is what i would like to see to turn bullish on Nem.
I would like to see a full body candle close above the decending triangle (remember this usually turns out bearish).
A break of the red resistance zone and a succsesfull retest, remember old resistance usually turns into support once broken.
Trade Safe and let me know what you think of my first TA, im...
GLD - 2 months of consolidation leading to expansion, after June 19th jerome powell speach. I saw options July and Sept call flow for GLD, NEM, GDX and SSRM. If Gold futures closes over $1750, that would be confirmation of uptrend. The FED will keep inflating market, also Hedge funds are fully vested into markets as well. Seasonality -...
Price ready to break Kumo cloud ,100 Daily EMA , and Trend Line on Weekly
Waiting for price to close above Trend line on Weekly Time Frame will add some bids later once we get above 100 EMA on daily
Here's the Daily Chart with all the Mentioned Indicator
XEM/BTC apparently did an inverted head and shoulders after a reversal on important support level and now breaks the resistance line on the uptrend direction, but wait for, we are now going to test a resistance zone, the right thing to do in this asset is waiting for some bullish accumulation pattern at this level and entry on the next...
Double one's also called it.
It's worth waiting for a level breakdown,
to fix and only then buy.
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