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.
XEMUSDT trade ideas
XEM Breakout Alert! 🚀 Bullish Reversal in Progress!💎 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 targets up to the next resistance levels. If a pullback occurs, we may expect a bounce from the bullish Order Block (OB).
💎However, should the price break down below the bullish OB level, it would be prudent to exercise caution and wait for clearer price action signals before making any trading decisions.
XEMUSDT DXEMUSDT D
This is my technical analyse on XEMUSDT .DAILY timeframe.
Dont forgot risk and money managment.
Trading JournalRisk ----------$0
Reward ------$0
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NEM 1D (log)One of variants. If it true it may be go up.
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NEM complex HSNEM complex Head and shoulder in making and I tiwl brekout
NEM complex Head and shoulder in making
day time frame chart cup and hl patternAfter a long sideways movement xem chart make an perfect cup and Handel pattern on daliy time frame chart some thing big is coming....
XEMUSDT analysis in 4H time frame 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.
NEM Price Analysis: XEM Price May Give Upto 50%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 resistance of $0.60.
Resistance: $0.60
Support: $0.32
💡Don't miss the great buy opportunity in XEMUSDTTrading 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 support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.28890
TP2= @ 0.31400
TP3= @ 0.34140
TP4= @ 0.37880
TP5= @ 0.45630
SL= Break below S2
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