Todd604

Consolidation maturing, NEM Long

Long
POLONIEX:XEMBTC   NEM / Bitcoin
8

Yellow are horizontal resistance levels.

Pink represents, the resistance trend from previous high of ~14000, it intersects with support line at around June 17th, at #1.
Orange represents, the resistance trend angle of ~10750 to ~8180, it intersects with the support line ~ June 19th, at #2.
Red represents, the resistance trend angle of ~10750 to ~9450, it intersects with the support line ~ June 21st, at #3.

The resistance horizontal points are from quite a while ago, so possibly not necessarily as relevant as they usually are, but something to consider nonetheless.

What does all this mean? I have no idea, I'm not a professional. But I think for some reason, a breakout is more likely between June 17th-June 21st, then other days.
To me, I just kinda see some things aligning up. Who knows, maybe Xem will stay within the Trend range I have there, for quite a long time until some big news is released. Maybe it'll downswing out of it, But I hope you enjoy'd the chart.

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