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XEM Mid Year Update

Long
BITTREX:XEMBTC   NEM / Bitcoin
XEM is in a weird position. I assumed that we started a new impulse up but this correction violated the low from the last correction canceling out the impulse waves. At this point, we are looking for a new impulse up to start fresh so the next bull run needs to be volatile and in high volume to bring XEM back in to the game, or it may disappear from the leader board. XEM is doing some impressive things in Japan and has a decent following there as well, so I assume there will be some bullish news followed by a frenzy of buying next bull run. Looking for previous ATH prices to take profit.

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