XEMBTC | Downtrend till the Fibonacci 1 level

Study of small and large timeframe scales reveals momentum accumulation. According to technical indicators such as Directional Movement Index and Ichimoku clouds indicators combination we see an aproaching downtrend till Fib 1 retracement level where a strong support and pivot point is located.

(-DI) is above (+DI) and ADX line is much higher than both directional indices thus we will have a downtrend which is confirmed by our public Ichimoku clouds strategy you can find it in our scripts list

We will catch XEM at the bottom and enter the position around Fib 1 level. As usual targets are in the automatic premium smart trade signal's settings