#Nem below 61.8fib , while forming bullish #butterfly. #crypto

#Nem is currently trading below the 61.8fib support & 20.50,100,200 DMA's

Next level of support for #nem is around the 88.6fib level i.e 2685 sats

Cuurently a bullish harmonic pattern is also in development & currently we are in the CD leg.

D point will be a PRZ, where we can expect a price reversal.

If we get price reversal confirmations around 2680-2685 sats region then the pattern will be confirmed with Targets:

T1: 61.8fib of CD leg : 3700-3720 sats
T2: 127.2fib of CD leg : 5100-5150 sats

You can find the fully updated analysis on my Tradingview site as well here:
https://www.tradingview.com/chart/XEMBTC/MpQR1YBt-Nem-below-61-8fib-while-forming-bullish-butterfly-crypto/

As well as on my twitter profile:
https://twitter.com/rajista007

If you found something useful here/benefited from my calls, then kindly hit the upvote/follow me here, #tradingview as well as in #twitter.

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