XEMBTC Looks very close to fibonacci level 0, also known as the retracement back to “start”. This is a safe zone.

We can see a falling wedge, a very popular trend reversal pattern. A breakout to the upside would signal bullish movement.

XEMBTC has been downtrending for a few months, and looks like it has been wanting to breakout, by the upper-dominant activity in the right-most side of the wedge.

The last swing high is sitting up at around 7000 sats, so we have a good amount of room for upwards movement if we breakout and can hold above the wedge for a short period.

The targets are resistance and corresponding Fibonacci levels, or the colored lines.







You can check out the trade here:

http://thecryptolabs.com/index.php/2017/11/09/trade-xembtc/