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.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.