💎 Let's start with the XEM-BTC 💎
⚙️ Technical analysis: Some time ago XEM showed very small volumes, but they increased after the last fall. This is explained by the fact that we are approaching a delicious price at about 30k sats. You can also notice that after the jump there were large sales, but without great consequences, which also means that we are waiting for a better price. Besides it was profitable to trade short trades with stop loss, which contributed to the formation of a triangle with an entrance from the top to down. Because of this we expect a fall, which confirms the Stoch indicator. RSI shows overbought.
Analysing the data, we can say that the formation of class C convergence will be the beginning of a new up-trend, where the price should rebound from the level of non-return, namely, the strongest support at the moment. In case of breaking through this support, we are expecting the formation of a new global downtrend, so we put a stop loss based on the ATR indicator: stop loss at 2850sats.
📰 Fundamental analysis:
A production-ready enterprise version, along with open source and commercial licensing, are planned for the second half of 2018 - this is quite big news, which should affect the asset quite positively!
🏋️♀️ For holders: Put stop loss too and hold this asset for long-term. This is very perspective project and it definitely can give you x2-x3 by the end of the year. But if you don't want to - you can sell in mid-term.
The information provided by @arjunsingh is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
