guzmaner93

NEM (XEM) MOST PROBABLE SCENARIO ANALYSIS

POLONIEX:XEMBTC   NEM / Bitcoin
Hello everybody,

Due to the recent Coinchek hack NEM             is going to have a really bad weekend I think... Even thought they have nothing to do with the hack per se. As you can see, Elliot Waves formed already, so I am guessing this could lead NEM             to a downfal to the 68 FIB maybe even the 78 FIB It broke 200 period EMA , ther is Volume and RSI confirmation so for me it's settled... NEM             is going around the 7k - 6k to finally reverse to new highs!!

If you agree or disagree please comment your opinion, thank you!!
評論: Sorry for the bad tipping, the new support if the triangle support breaks is NOT going to be Fibonacci 38% but Fibonacci 61%
It is growing again, even with such bad news. What do you think is the reason?
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guzmaner93 SamuelBob
@SamuelBob, It broke the triangle resistance, 38 Fibonacci and 200 EMA period line, plus volume confirmation, I would say buyers came in and made the price go up again, we can expect new support as 38 Fibonacci around 8.1K because i couldn't find any fundamental analysis incidence in that price movement. The RSI indicator that have been shown in my analysis passed 80.00 so we could say It was over bought, I thought that the bad news regarding the theft didn't affect buyers to trust in the coin and take advantage of the situation, I don't see NEM going up more than that for the time being though.
+1 回覆
guzmaner93 guzmaner93
@guzmaner93, RSI crossed 20 sorry*
+1 回覆
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