Dear yuemay,
I do not fully agree with you concerning the ta. The red supportline looks not right to me? I would have drawn it more like the actual price horizontal line. So the chart would look like it was a bear trap and maybe now it starts going up. What do you think of that?
However, xem is dope and definitely worth buying!
Yours truly,
Gandalf The White!
I showed the bear trap on the chart. and it worked... the resistance line I draw is in it. Wait for the resistance line to break and close. you should do it with a strong candle.
then the price will rise.
Yeah, that were my thoughts too - but was not sure. Nice one my friend.