CAINAMOTPYRC
Long

Yyuuuge steaming cup of NEM anyone..?

POLONIEX:XEMBTC   NEM / Bitcoin
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Looks like a massive cup and handle formed on the daily chart for XEM/BTC. The trend didn't follow the bottom of the cup exactly, but that is not required for a cup and handle formation. Right now looks like a falling wedge or bullish flag on the handle and we could see a definite breakout upwards toward the rim of the cup if it follows the trend line . If we follow the trend line and break above the rim, next target is the depth of the cup inverted, around 23k sats . It could also start a new trend line after breakout above cup. This analysis is mostly for my personal use to follow and see how this goes. I may join this trade when I see definite upward movement. We are hitting the trend line now so I am keeping an eye on it. Comments and thoughts are welcome, thanks. Good luck and be safe out there! Let's ROLL!
i don't think so
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Not even close
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CAINAMOTPYRC chedstrading
@chedstrading, Please explain
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