stront

NEM breaking out of the triangle

做多
POLONIEX:XEMBTC   NEM / Bitcoin
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:
  • ~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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