zorjak

NEM (XEM) is preparing for another leg

Long
zorjak Updated   
POLONIEX:XEMBTC   NEM / Bitcoin
NEM (XEM) is in the phase of consolidation.
Triangle is forming and it should be broken in the following of days.
The first target is 13000 sat.
The second target 1600 sat.
Comment:
BTC is bearish. Possible replacement of XEM to first Fibonacci level, 9300 sat
Comment:

Triangle update. Wait for a breakout.
Comment:

Maybe it's time to buy some XEM. It crosses 9-day ema and upper triangle edge. I would wait to break resistance at 11k sat. But the market is still bearish and the breakouts are not so likely.

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