XEM/BTC (Retest Previous Support?)

21 set 2020

💎Technical Analysis Summary💎


BINANCE: XEMBTC


-NEM is trading inside a descending channel which is Bullish
-Only good is pattern is broken to the upside confirming the bias
-The previous resistance is tested new support last Sep 18
-If NEM will keep respecting this channel, it will likely to retest support
-Buying at support is well provided you at a proper cut point
-You may also wait for the proper breakout confirmation
-The upside potential is up to 1300 sat or higher





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