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Nemsd

There is a possibility for the beginning of an uptrend in XEMUSDTechnical analysis: . NEM/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.1053 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1053) Ending of entry zone (0.0634) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1431 TP2= @ 0.1681 TP3= @ 0.1982 TP4= @ 0.2765 TP5= @ 0.3686 TP6= @ 0.4390 TP7= @ 0.4958 TP8= @ 0.6540 TP9= @ 0.7450 TP10= 0.9466 TP11= 1.1487 TP12= 1.4356 TP13= 1.8013 TP14= Free
BITTREX:XEMUSDLong
by ForecastCity

Select market data provided by ICE Data services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.© 2025 TradingView, Inc.

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