XEMBTC BITTREX
NEM / Bitcoin BITTREX:XEMBTC
XEM has broken out of its short term downtrend and is now consolidating on a strong level of support. It has held here multiple times previously and gone for good runs after consolidating at this level. It also seems to be forming a symmetrical triangle just above the support level . If BTC behaves I feel like a good push could happen with 6-12% gains depending on take profit area.
Watching really closely for a bullish engulfing candle to break the triangle.