NEM breaking out of the triangle
For the past few days the volatility of NEM has been decreasing. I think that we can see a triangle-pattern on the chart. This could be a signal for a long trade.
BUY:
TARGETS:
BUY:
- ~10500 as 0.5 level of Fibo
- ~9700 as 0.382 level of Fibo (less likely)
TARGETS:
- ~13500 as last high
- ~18000 (long term) as 1.618 Fibo
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