π Support zone - Descending trend line - double bottom
π xem or nem project is looking a little bit more bullish than other crypto currency pairs, although it has seen a slight 90% price drop since its ATH, I think it is the time to invest carefully in this crypto pair
π A possible double bottom along with an important support zone are the reasons that I find this pair bullish
β οΈ However, as you may know the crypto currency world and pairs are so much reliable on BTC and other big coins like ETH, ADA , etc.
βπΌ I personally think that BTC and other crypto may see a bullish momentum again in the upcoming month so other coins may be seeing pumps and of course bigger pump compared to BTC due to their smaller market cap
β οΈ The following bullish leg is not confirmed yet so any investments in the cycle is so risky right now
THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION GOOD LUCK NP TRADER