Long
Long XEM
started buying xem because of its wave counts. Fundamentally fed is more likely to shift its focus on its second mandate which is employment. unemployment is going up which will control inflation but a steep rise in unemployment will force feds to cut rates.. current expectation is one rate cut around September..which is likely to drive market up.
Note
keep i n mind btc and market is more likely to take a hit at the moment ..( it may last couple of months ) but xem started to look attractive at this point and overall crypto market is likely to rally after a little while.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.