Longterm NEM/XEM view
Updated
NEM/XEM is a good coin for longterm holding. Should be accumulated at area around 50cents (25%-33% of planned money to invest), 20-30cents area (25-33%) and at around 10cents (50-33% of planned money to throw in). Problems with recent coinchecks hack, and generated from other exchanges (having like bittrex problems with going online with deposits, they are so lazy to change their wallet to multisignature and introduce mechanism to not receive stolen XEMs) giving a good chances to get XEMs so cheap as possible. First goals after accumulation phase (i think this phase should be to april-june 2018) is target around 4$ or little higher. In wider longterm period (1st Q of 2019) the goal for XEMs quoting in USD is around 60$ (no it's not typing mistake 60 american dollars!). See You in the future, dont forget to buy this tickets, before another one ride to the stars;)
Comment
Why i am so bullish here longterm?Comment
Correction of impulse 5wave structure tends to reach the start point of wave 5th, but not always of course. We got here around 75% correction from ATH (price line, not full candles) so i was the first stage of accumulation phase, can be of course the next 2 stages around 20 and even 10cents, but who knows what traction will get the market, before building new "mooning" phase with new new 5wave structure.Comment
if You have some XEMs accumulated around 50cents sell it now and rebuy @0.35cents!Comment
Still no signs of reversal so better to wait for clear signal than to buy @ 0.35$Without signal i will start deeper accumulation @0.2 & 0.1$
Comment
this formation was clearly a sign of eversal:Comment
godfather bitcoin probably will deny this signal. Be prepared for another wave of dumps near 0.2$
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