ForecastCity

NEM is in the Range Bound and Resumption of Uptrend is expected.

Giá lên
POLONIEX:XEMBTC   NEM / Bitcoin
Technical analysis:
NEM , is in the Range Bound and Resumption of Uptrend is expected.
The price is now below the 21-Day WEMA which acts as a dynamic resistance and prevents from more gains.

DAILY RSI is 44 and below a support level .
In H4-RSI , A Bullish exit is occurred which triggers more bullish momentum.

Trading suggestion:
Price is in the support zone (0.000085 to 0.000068), traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000085)
Ending of entry zone (0.000068)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
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1. First target is at 0.0000619
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