Moshin_GW

NEM/USD Triangle holding. It’s close to the game

BINANCE:XEMUSD   None
NEM, which is currently drawing attention, is forming a large triangular cross-holding pattern.

The low price line is conscious of ¢10 and has become the descending triangle starting from the price here. This pattern suggests that there is a strong downward consciousness by lowering the high price, but the current NEM is in the middle of an upward trend in the medium to long term, and a sharp rise from the cross-holding may be sufficient. ..

If you look at it most recently, ¢12 lines are conscious. Attention should be paid to whether the price will start from this point and surpass the downward trend line at once, or once it has dropped to ¢10 and then switch to an upward trend.

If it breaks out, it will rise slightly up to the latest high of ¢17.

The point of convergence of cross-holding is around 14th September, and it is expected that it will develop significantly within a few days.
I would like to explore a long-term trading strategy, while also confirming that BTC can protect the $10,000 line.

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