Hello everyone I hope you all doing great today :)
I'm just going to share very quick my ideas for NEM coin (new economy movement) price going into Jun. Hopefully someone will get good value out of it.
I see that the price of NEM vs BTC has been following this up trending channel for quite some time now so my prediction is that it will continue to stay in the channel. Right now it has touched channel support so it should be going up to the top of the channel any time, if I am correct. Even if it doesn't go up to the top of the channel, the trend is upwards so I think this is a conservative bet. If I am wrong and the price falls under the channel I will sell it all taking a small loss. The risk vs reward is 10% loss vs 40% win. Below I leave my analysis for NEM price going into Jun. This chart is from same date and time as this post and it's a 1 day candles chart. I bought some NEM right today. Will keep this updated! I am trading on bittrex by the way :)
If anyone has an opinion please share I am all ears!
Thank you & have a beautiful day <3
So I guess you sold at your first high? right?