NEM (XEM) Completing Final Leg Of Harmonic Shark For Upto 124% Rally

NEM (XEM) Completing Final Leg Of Harmonic Shark For Upto 124% Rally

By moon333 | moon333 | 31 Dec 2020


On the daily chart, the price action of the NEM (XEM) coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone.

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Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:

Potential reversal or buying zone: $0.1576 to $0.1240
Fibonacci projection or sell zone: $0.1989 to $0.2788

 

 

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Stop Loss:
The potential reversal zone area that is up to $0.1240 can be used as stop loss in case of complete candlestick closes below this level.



Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 124% and as per the above-mentioned stop loss, the loss possibility is 21.5%.

 

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Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

 

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moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and I am one of the top 3 authors of cryptocurrency trading charts as per tradingveiw I publish there with my username moon333 to verify you can visit: https://www.tradingview.com/markets/cryptocurrencies/ideas/ I also publish the charts of different other assets like forex, commodities, CFDs Stocks e.t.c. Here you will find perfect predictions on different trading assets.

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