Hey guys,
This seems rather clear, NEM/XEM has succesfully passed the resistance on latest downtrend after the impulsive wave upwards - the support upwards is growing and the only possible stop to this I see is a BTC beatdown, if that doesnt happen, I see this as possible alternation within an impulse elliot wave. We are just finishing the First wave up and correction to that and ready to begin with the 2nd wave up.
Most times when market resistance starts decreasing downward the only way is up - and the other way around. Get in to trade and ride the current uptrend and if we fall under you might consider selling, but anyhow now is a good spot to enter a possible very sweet ride. :)
Cheers!
This seems rather clear, NEM/XEM has succesfully passed the resistance on latest downtrend after the impulsive wave upwards - the support upwards is growing and the only possible stop to this I see is a BTC beatdown, if that doesnt happen, I see this as possible alternation within an impulse elliot wave. We are just finishing the First wave up and correction to that and ready to begin with the 2nd wave up.
Most times when market resistance starts decreasing downward the only way is up - and the other way around. Get in to trade and ride the current uptrend and if we fall under you might consider selling, but anyhow now is a good spot to enter a possible very sweet ride. :)
Cheers!