Triangle formation XEMUSD

31 thg 8, 2017

As You can see this formation is in play on this pair. So accumulation on retraces with target 50cents+ is now not bad idea.

31 thg 8, 2017

Ghi chú

This is where are possible accumulation points. SL must be (in mind not in exchange) under 25JPY, so if You want higher risk reward ratio, the lower You get now XEM the higher will be this ratio, as the main target as i wrote is 50cents. So for buy @ 30cents with SL 24JPY risk/reward ratio is 3,33 (20c/6c).

31 thg 8, 2017

Ghi chú

Correction for buy @30cents with SL 22cents risk/reward ratio is 2,5 (20cents/8cents)

1 thg 9, 2017

Ghi chú

Two times retrace to around 31cents (34JPY) perfectly and now we should see anothe triangle forming if XEM wants to get higher.

1 thg 9, 2017

Ghi chú

XEMUSD possible outcomes of proce movement

1 thg 9, 2017

Ghi chú

redrawed XEMUSD

2 thg 9, 2017

Ghi chú

Bearish situation on BTCUSD does not encourage here to take now longs. As always market scares little before realsation of any formation.

2 thg 9, 2017

Ghi chú

So now i dont advice even to play this triangle above with target 0.5 USD (55JPY). Maybe i'am wrong. But there is always another one month (future of NEM is good longterm) or another one coin to play. Here i stay aside with new longs, only with longterm bag that i have (for harvesting XEMs).

2 thg 9, 2017

Ghi chú

If someone holds XEMs longterm, he should now observe if XEMUSD can go under 25JPY (0.225USD) that will be very bearish sign, i personally do not plan however cut my longterm holdings here even if i see 0.05USD (less possible but who knows, this is crypto).