💎 XEM has recently broken out of a resistive trendline and formed an inverse head and shoulders pattern, accompanied by signs of increasing market strength (CHoCH), indicating a shift towards a bullish market structure.
💎In the event that XEMUSDT breaks above the resistance and neckline area of the inverse head and shoulders pattern, we can anticipate potential...
Nem in 4H time frame breaks it's trend line and shows a bullish sign near 0.1320 . For the conformation of bullish move Nex needs break the horizontal line near 0.1390 after the retest.
XEM price traded at $0.38 with a loss of 17% in the last 24-hour and 49.53% down in the weekly time-frame. It is trading at the lowest levels so it is a great time to buy on dips. In contrast, the market capitalization stands at $3.456 billion. Technically, investors may not perceive any crossover in SMA. Moreover, the movement of price can be towards the...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.25870).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XEMUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
