XEMUSD. 50% range on the growing trend
NEM grew strongly in December (5 times from the minimum to the maximum)
Now, on the chart, we see a quite broad consolidation.
The point below at $ 0.75 is supported by a slow moving average and graphically this level is the visible support level
The point above, the resistance level, is more vague. For orientation, you can take the $ 1.10 mark
We see that the indicators several times went from the lower limit of the range $ 0.75 - $ 1.10 and vice versa
So the idea is not just to hold NEM, but to use the range:
buying around $ 0.75 and selling at about $ 1.10.
We do not recommend working from shorts, because the trend is growing and in case of a breakthrough from the range the probability of getting losses from a short position is more than from a long one.
#icex #bitcoin #cryptocurrencies #investment #trading #XEMUSD #NEM
https://www.facebook.com/ICEX.CH/photos/a.2141838625842452.1073741826.294213827271617/2204970149529299/?type=3
I dont really care about its usd value,i need btc value than usd value,gains are being computed in sats not in usd,what if you have 10kusd value but the btc value decreases? your portfolio isnt growing. NEM grew strongly in December (5 times from the minimum to the maximum)
Now, on the chart, we see a quite broad consolidation.
The point below at $ 0.75 is supported by a slow moving average and graphically this level is the visible support level
The point above, the resistance level, is more vague. For orientation, you can take the $ 1.10 mark
We see that the indicators several times went from the lower limit of the range $ 0.75 - $ 1.10 and vice versa
So the idea is not just to hold NEM, but to use the range:
buying around $ 0.75 and selling at about $ 1.10.
We do not recommend working from shorts, because the trend is growing and in case of a breakthrough from the range the probability of getting losses from a short position is more than from a long one.
#icex #bitcoin #cryptocurrencies #investment #trading #XEMUSD #NEM
https://www.facebook.com/ICEX.CH/photos/a.2141838625842452.1073741826.294213827271617/2204970149529299/?type=3