NEM (XEM) formed big bullish Gartley for upto 154% reversal move
Hi dear patrons, hope you are well and welcome to the new trade setup of NEM (XEM) coin.
When I shared the previous harmonic ideaon NEM then the price reversal started, but after hardly hitting the sell targets it moved down again.
Now during the current drop, on a weekly time frame, XEM has formed huge bullish Gartley move. This time the stochastic on weekly chart is also quite oversold, therefore, this time after a reversal we can expect a proper uptrend move.
Buy and sell targets:
Buy between: $0.1190 to $0.0852
Sell between: $0.1664 to $0.2166
Stop loss:
Below $0.0852
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 154% , and loss possibility 18.5% (as per the current price).
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
When I shared the previous harmonic ideaon NEM then the price reversal started, but after hardly hitting the sell targets it moved down again.
Now during the current drop, on a weekly time frame, XEM has formed huge bullish Gartley move. This time the stochastic on weekly chart is also quite oversold, therefore, this time after a reversal we can expect a proper uptrend move.
Buy and sell targets:
Buy between: $0.1190 to $0.0852
Sell between: $0.1664 to $0.2166
Stop loss:
Below $0.0852
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 154% , and loss possibility 18.5% (as per the current price).
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade