Weak Short Term Fundamentals. Short to ~850
NEM is fundamentally at a weak point (coindesk.com/nem-foundation-layoffs-xem-crypto)
We also failed to 'double bottom' from the recent low at 1250.
That in addition to Bitcoin having no firm base in place right now; means this is all very uncertain/bearish.
The next stop down, is from the long term weekly chart, to the previous capitulation candle/wick at 850-900 or so.
"The full launch of the platform’s native engine software, called Catapult, is scheduled for later this year" -- As soon as this is either released or expected to be released imminently, this coin should go vertical again. So there's likely a lot of money to be made with this coin but wait for a substantial discount before you on-board.
We also failed to 'double bottom' from the recent low at 1250.
That in addition to Bitcoin having no firm base in place right now; means this is all very uncertain/bearish.
The next stop down, is from the long term weekly chart, to the previous capitulation candle/wick at 850-900 or so.
"The full launch of the platform’s native engine software, called Catapult, is scheduled for later this year" -- As soon as this is either released or expected to be released imminently, this coin should go vertical again. So there's likely a lot of money to be made with this coin but wait for a substantial discount before you on-board.
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