NEM (XEM): Price & Time Extension

in nem •  7 years ago 

SUMMARY

NEM (XEM/USD) has been correcting and the steepness is doing a bit of leveling off. While still within the wedge pattern and price is approaching the apex closer everyday; a breakout is not a guarantee of immediate new all time highs. Time and price can be extended with further sideways action.

The subwave analysis shows that wave 5 of red C could be in soon. However, be a bit suspicious of the breakouts because unless Bitcoin shows serious trend reversal indications, NEM is not likely to go solo. However, Bitcoin is sitting on ciritical support that could propel it upwards as had been done in the past. The next few days could provide a resolution in direction.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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the decline in almost all the stock markets may have upset all of us, but it is little to be happy :)

TheFoillowing.jpg

Right now with everything dropping which is the best to hold on to or buy in your opinion?

Haejin don't give a shit what you think. He only wants your upvote. He is a STEEMIT SCAMMER!!! Soon he will be in prison for TAX FRAUD!!!

i think we need more people to start mining crypto.. very few people are willing to take that risk and set that up

Not sure how to feel about the current price. BTC below 7000 $ once again. Certainly hope it could propel up. Still hodling 🤓

the movement of the market up and down the graph it gives a direction for us to be careful in conducting market transactions in the category of sale and purchase there must be loss and profit depends clever-pandainya us in analyzing the charts and market movements

Its just krazy how you spam and cross like your own stuff like clockwork (bots?)

Must be making decent cheese thou i guess?
At the expense of everyone else's news feed.

Yes, you are right. Until Bitcoin gets a corrective trend and moves upwards then NEM will also turn around.

WE ARE THE RESISTANCE!

You are bullied by @GrumpyCat on your post.

  • @GrumpyCat is flagging innocent people and calling them "collateral damage"!
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@The-Resistance is here to stop this and protect the weaker ones from the tyranny of @GrumpyCat

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The Resistance

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vote for vote

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  ·  7 years ago Reveal Comment