dctobkk

NEM - XEM Long term outlook with multiple Cup & Handle formation

Long
BITTREX:XEMBTC   NEM / Bitcoin
So I'm a holder of Nem and I fully believe this is one of the platforms of the future. Lots of interesting projects in the works and already a few with real world applications which are functioning. The more I get into crypto, the more I realize how many of these coins or tokens may never see light of day, or could be several years down the road. Lots of interesting and ambitious projects, but for my core holdings, I prefer currencies which are working now. NEM is one of those and with new projects coming, upgrades in the works (catapult), new marketing initiatives, etc etc, I can see this scenario playing out. Will take time, but this chart is possible by end of the year IMO.

I'm projecting cup & handle as the first half is formed already, and NEM seems to currently have a tendency of forming this particular pattern. Short, medium and long term charts all show this pattern. So let's see...
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