1H trend chart
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XEM is building a big bull flag.
In this flag, a short-term downtrend line(the red one) is resisting price.
If price can take the red line out, it's an aggressive entry timing(with high risk)
Better and safer timing to open position will come when the upper down trend line is broken out.
Both entry get same targets, trading strategy as below.
-
Profit Targets:
a) 0.1915----Fib(1)
b) 0.2074~0.2138---Fib(1.272~1.382)
c) 0.2207-----Fib(1.618)
Stop losses:
a) Depend on the point of break-out
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→Join Teaching Group for free!(PM me)
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→Join Teaching Group for free!(PM me)
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。