After months of drawdown, XEM seems to have found a new cycle. It has passed over 50 and 100MAs with ease however was rejected from the 200MA.
Even if 200MA is passed, the price is still below the uptrend and has an even larger test there.
For now, we will label it neutral and will update it as it unfolds.
Even if 200MA is passed, the price is still below the uptrend and has an even larger test there.
For now, we will label it neutral and will update it as it unfolds.
Commentaire:
As expected, XEM pushed passed 200MA and tried the trend, however it was rejected.
Still, it is above all 4 main moving averages on the daily. Volume is quite decent too.
We are keeping our 'bullish' stance on this.
Still, it is above all 4 main moving averages on the daily. Volume is quite decent too.
We are keeping our 'bullish' stance on this.
Commentaire:
Fighting the trend! If we break up we rip!
Labeling this as BULLISH