XEMBTC BITTREX
XEM has broken out of its short term downtrend and is now consolidating on a strong level of support. It has held here multiple times previously and gone for good runs after consolidating at this level. It also seems to be forming a symmetrical triangle just above the support level. If BTC behaves I feel like a good push could happen with 6-12% gains depending on take profit area.
Watching really closely for a bullish engulfing candle to break the triangle.
Watching really closely for a bullish engulfing candle to break the triangle.
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