Triangle formation XEMUSD

31 ago 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 ago 2017

Nota

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 ago 2017

Nota

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

1 set 2017

Nota

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

1 set 2017

Nota

XEMUSD possible outcomes of proce movement

1 set 2017

Nota

redrawed XEMUSD

2 set 2017

Nota

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

2 set 2017

Nota

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 set 2017

Nota

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).