New Economy Movement aka NEM showing signs of life! If we can close above the triangle on a daily candle, we'll probably see an explosive breakout. When breakout occurs, I will update with targets. Huge potential in the long run, still very undervalued IMO!!
Any comments are welcome
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We still didn't close above the triangle on a daily base so no reason no enter this trade yet.
Price started tanking heavily again since yesterday after we broke .768 fib level and can possibly go on for a little longer.
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.786 level*
Also, NEM has had some problems with the coincheck hack in January and sentiment because of this is pretty messed up. I don't like talking about fundamentals but XEM deposits and withdrawals are frozen on several exchanges and some people have been stuck for weeks with no access to their tokens. Some crappy things are happening but I'm still bullish on this project in the long run.
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Looks like we found support @2870 sats Let's see if we can close this day strongly!
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Turned around and closed very badly, still not entering this trade.