NEM / BitcoinShort
Weak Short Term Fundamentals. Short to ~850
NEM is fundamentally at a weak point (coindesk.com/nem-foundation-layoffs-xem-crypto)
We also failed to 'double bottom' from the recent low at 1250.
That in addition to Bitcoin having no firm base in place right now; means this is all very uncertain/bearish.
The next stop down, is from the long term weekly chart, to the previous capitulation candle/wick at 850-900 or so.
"The full launch of the platform’s native engine software, called Catapult, is scheduled for later this year" -- As soon as this is either released or expected to be released imminently, this coin should go vertical again. So there's likely a lot of money to be made with this coin but wait for a substantial discount before you on-board.
We also failed to 'double bottom' from the recent low at 1250.
That in addition to Bitcoin having no firm base in place right now; means this is all very uncertain/bearish.
The next stop down, is from the long term weekly chart, to the previous capitulation candle/wick at 850-900 or so.
"The full launch of the platform’s native engine software, called Catapult, is scheduled for later this year" -- As soon as this is either released or expected to be released imminently, this coin should go vertical again. So there's likely a lot of money to be made with this coin but wait for a substantial discount before you on-board.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.