Nem is currently trading below the 61.8fib support & 20.50,100,200 DMA's
Next level of support for #nem is around the 88.6fib level i.e 2685 sats.
Cuurently a bullish harmonic pattern is also in development & currently we are in the CD leg.
D point will be a PRZ, where we can expect a price reversal.
If we get price reversal confirmations around 2680-2685 sats region then the pattern will be confirmed with Targets:
T1: 61.8fib of CD leg : 3700-3720 sats
T2: 127.2fib of CD leg : 5100-5150 sats
Next level of support for #nem is around the 88.6fib level i.e 2685 sats.
Cuurently a bullish harmonic pattern is also in development & currently we are in the CD leg.
D point will be a PRZ, where we can expect a price reversal.
If we get price reversal confirmations around 2680-2685 sats region then the pattern will be confirmed with Targets:
T1: 61.8fib of CD leg : 3700-3720 sats
T2: 127.2fib of CD leg : 5100-5150 sats
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.