NEM (XEM) Breakout Above Resistance Trend Line In ProgresssteemCreated with Sketch.

in #nem • 7 years ago (edited)

As I've written about a few days ago, NEM (XEM) was a cryptocurrency to watch, because it was about to break out either above the resistance trend line or below the support one. It wasn't very obvious then that it would break out above the resistance line rather than below the support line, due to the very long downtrend and the overall uncertainty in the market these past week or two.

However, now we have confirmation of a break out above the resistance line. Ideal entry point would be below 7,500 sat. Profit potential could be around 2x over the span of a few days.nem-break-out-july-4.PNG

Vote, comment, and resteem if you'd like me to keep you updated on the latest cryptocurrency buying opportunities. Follow me @jarexx.

#bitcoin #trading #cryptocurrency #jarexxtrading
7 years ago in #nem by
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     7 years ago 

    Good to see that NEM bounces a little bit. There is good news coming out concerning NEM. This one will grow steadily instead of being hyped. Its strong aspects should be offering real world solutions (like LuxTag) that are actually being implemented instead of being driven by mostly hype.