With such pattern, and Bitcoin downtrending, will probably retest last big dip around 20cents (two targets for this 22cents and 18.5cents)
Such a shame but also good opportunity to tank cheap XEMs and hold in hope for other bubble in other times.
Such a shame but also good opportunity to tank cheap XEMs and hold in hope for other bubble in other times.
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As i observe low volume during breakout from this bearish formation (all volume got from coinmarcetcap not only from HitBTC), it seems to be not so reliable. With higher volume probability can be much higher to fulfil targets for any formation like this. But in XEM depth of market is so thin, that even without high volume, probability is always high in downtrend. And of course all is dependent from BTCUSD moves too.
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By the way. My mystical tools for prediction of XEMs price in the future gave me three possible dates for new ATH. I dont publish this fully here on tradingview, because of some mysterious shadow behind this techniques, but all i can write for now is that there ATH can occur in: July 2018 (low possibility), November 2019 (medium possibility) and if not in the previous two dates - in February 2019 (higher possibility than two previous dates mentioned and combined together. And of course there is no 100% for that to happen, i may be wrong or my sources/tools can be wrong. Beside that my hopes for solid growth of XEM in the long run are not destroyed by markets downmoves at all. The later growth will occur, the more spectacular it should be;)
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Correction: not november 2019 - should be november 2018 in the second date possible for ATH.
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pending order located @ 0.22$
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another two pending orders set to 0.13 and 0.06$, 0.22$ stays untouched.
