XEM : ThanksGiving Present : 12% Upside Today
During this ThanksGiving Weekend and Bearish Market terrain, Nouvive and Nouvive Intelligence has been looking for the best market moves. Currently, this lies with XEM/USD. That appears it will be breaking out shortly aiming for a 12% move.
What does the Technical Analysis Say?
- Over the past 12 hours, XEM has been trading above the 15Moving Average. This has been historically known as a bullish momentum indicator.
- There are several volume gaps that need to be filled at $0.9 // $0.945 and $0.10 – it is MORE THAN LIKELY that these will be filled.
- The MACD Cross-over has recently crossed over the past several hours, indicating that a large move to the 12% upside will continue.
- There has been decreasing volume over the past 4 days as a result of the market breach and bearish terrain, this could coincide with XEM seeking to above the 12% move.
- Nouvive intelligence has found that this trade is currently an optimum one with a lack of traders in it at the moment.
Nouvive sees a trade from current market levels to $0.10, however it falls below $0.845 exit the trade.
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