The 12+ month down trend is over.
Higher highs and higher lows + momentum indicators on Monthly timeframes have scrapped the floor of ATL's and are now slowly exiting over-sold territory.
Just like BTC halving and ETH inflation reductions with network upgrades, XEM is only 3 months away from the very large "catapult" upgrade and this is starting to be priced in.
Conventionally after such a long bear market, we should have seen a flat sideways accumulation period.
However since king BTC is pushing higher and faster then expected, I anticipate the XEM/USD and many mid-cap Alts to be under an 'aggressive' accumulation which floats up.
12c will be a battle and a required pause to reset various indicators, then it's onto the next fib level.
Alternatively, if the current descending wedge on the daily does break down (ETA for wedge breakout is any time now), then expect 5c retest and a more traditional flat accumulation range between 5c-10c for a few more months.
Higher highs and higher lows + momentum indicators on Monthly timeframes have scrapped the floor of ATL's and are now slowly exiting over-sold territory.
Just like BTC halving and ETH inflation reductions with network upgrades, XEM is only 3 months away from the very large "catapult" upgrade and this is starting to be priced in.
Conventionally after such a long bear market, we should have seen a flat sideways accumulation period.
However since king BTC is pushing higher and faster then expected, I anticipate the XEM/USD and many mid-cap Alts to be under an 'aggressive' accumulation which floats up.
12c will be a battle and a required pause to reset various indicators, then it's onto the next fib level.
Alternatively, if the current descending wedge on the daily does break down (ETA for wedge breakout is any time now), then expect 5c retest and a more traditional flat accumulation range between 5c-10c for a few more months.