NeoButane

$XEM/$NEM - [TA]One more dip before a pump

POLONIEX:XEMBTC   NEM / Bitcoin
Checking out the 4H:
Two rejections after it dipped below the 50% retracement line, 3rd time's the charm. Make sure to set a stop loss just in case.

Entry zone: 6020-6610 sats             .
6610 is a bit high because it's looking pretty bullish and it's been under the 55EMA for way too long, and the EMAs are about to cross.

It is possible to miss the buy in target, but the MACD and RSI aren't looking too healthy at the moment.


Now, let's take a look at the 1D time interval.



Clear support and resistance lines. Looking absolutely fantastic with RSI and MACD just about to cross over.

I never remember which is the ticker and which is the name...

Kommentar:

A note on the 1H: 6818 support existing
Kommentar:
Weekly. Watch out for a dump.
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