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NEM

Resistance line to be broken so that Alt season can beginThis XEM chart tells us when Alt season can begin. If we watch it carefully, whenever has been tested as support and held, Alt season begun. When tested as resistance and couldn't be broke, all Alts fell heavily. Bitcoin runs the show and its near term price action will dictate if Altcoins would be a good trade. If Bitcoin price wwill range for several weeks in the actual level, it could give Alts a chance to breath. So pay attention to the following resistance line and be ready.
Long
by Freedonia
1
NEM Price Analysis XEM / USD: Loading The CatapultFundamental Analysis NEM is gaining momentum ahead of its Catapult upgrade. The project has recently launched a development studio to help with strategy and backend development. According to the President of Nem Foundation Alex Tinsman, “NEM Studios will be focused on creating a more user-friendly network that is built with the end-user in mind”. NEM / USD Short-term price analysis NEM has a neutral short-term trading outlook, with the cryptocurrency still unable to find a clear directional bias. The four-hour time frame is showing that the XEM / USD pair is trapped within a neutral wedge pattern, following false breakouts in both directions. Technical indicators on the four-hour time frame are mixed and are failing to generate a clear trading signal. XEM / USD H4 Chart by TradingView Pattern Watch Traders should wait for a clear technical confirmation of a breakout from the wedge pattern on the four-hour time frame. Relative Strength Index The RSI indicator is attempting to recover higher on the four-hour time frame, although it is technically bearish. MACD Indicator The MACD indicator on the four-hour time frame is conflicted, with the MACD signal line and histogram generating opposing trading signals. NEM / USD Medium-term price analysis NEM has a bullish medium-term trading outlook, with the cryptocurrency still trading well above its trend defining 200-day moving average. The daily time frame shows that the XEM / USD is still trapped within a large sideways price channel, with bulls struggling to move the cryptocurrency into a higher price range. Technical indicators on the daily time frame are mixed and are currently failing to provide a clear trading signal. Pattern Watch Traders should note that a large inverted head and shoulders pattern can also be seen on the daily time frame. Relative Strength Index The RSI indicator on the daily time frame has a slight bullish bias, although the trading signal is fairly weak. MACD Indicator The MACD Indicator is currently neutral on the daily time frame and failing to generate a clear trading signal. Conclusion Short and medium-term indecision is currently weighing on NEM, with traders increasingly unsure which way the cryptocurrency is likely to break. A fundamental catalyst may be needed before the XEM / USD pair picks a clear directional bias and breaks free from its current neutral trading stance.
POLONIEX:XEMUSD
by CryptoBriefingTA
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis: . NEM/Dollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0630). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0850) Ending of entry zone (0.0630) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1330 TP2= @ 0.1681 TP3= @ 0.1982 TP4= @ 0.2765 TP5= @ 0.3686 TP6= @ 0.4567 TP7= @ 0.7177 TP8= @ 1.1405 TP9= Free
BITTREX:XEMUSDLong
by ForecastCity
2
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis: . NEM/Dollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 56. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0630). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0850) Ending of entry zone (0.0630) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1330 TP2= @ 0.1681 TP3= @ 0.1982 TP4= @ 0.2765 TP5= @ 0.3686 TP6= @ 0.4567 TP7= @ 0.7177 TP8= @ 1.1405 TP9= Free
BITTREX:XEMUSDLong
by ForecastCity
1
Imminent breakout due bullish pennant and divergence Hello fellow traders, not much to say, one may expect a target between 0.11 and 0.12 if the pennant plays out (blue paths), probably it's going a lot higher mid term if it breaks the ascending triangle (violet paths). See the attached longterm projection of XEM which has been quite accurate for 1.5 months. One may buy in now but I suggest to wait for another bounce of the pennants support. So the target price for a buy is between 0.082 and 0.084. My advice is to buy in in steps of 20% or 25% of your planned allocation over the next few days. Which should be between 10% and 15% of your equity. Im not a professional financial consultant, so this is for educational purpose only. Trade safe
BITTREX:XEMUSDLong
by UnknownUnicorn1539772
XEM / BTC#Accumulation_Recomendation Pair : #XEM / #BTC Platform : #Binance #HitBtc #Bittrex #Coinbase #Poloneix #Bitfinex RSI : 35 Volume : Volume is coming back again in a fair amount. **Note : MACD lookig bullish crossing over in favor of the bulls. RSI also raising up at a good point of entry. EMA needs some more momentum to be below the price for a reversal bullish uptrend. Accumulation Area :830 sats - 850 sats Distribution Targets Short Term : Target 1 : 890 sats Target 2 : 914 sats Target 3 : 940 sats Mid Term Target 4 : 980 sats Target 5 : 1033 sats Target 6 : 1086 sats Target 7 : 1162 sats Target 8 : 1258 sats+ Stop Loss : 808 sats for short term traders and 775 sats for mid to longer term traders. Risk : High Follow us @Togetherweaccumulate
XLong
by cryptotalk_et
G20. Director and Co-founder of NEM Ventures, said : June 9 G20 meeting in Fukuoka, Japan, the G20 finance ministers, and central bank governors filed a request with the Financial Stability Board (FSB) to monitor cryptoassets-associated risks. Finance ministers and central bank chiefs from the Group of 20 (G20) major economies asked international organizations, including the International Organization of Securities Commissions (IOSCO), Financial Action Task Force (FATF), and the Financial Stability Board (FSB), to consider working on additional multilateral responses as needed, and showed support to the ‘draconian’ KYC-related suggestions that would affect virtual asset service providers and their clients. The regulators said crypto assets do not pose a threat to global financial stability at this moment, but they shall remain vigilant to risks related to consumer and investor protection, anti-money laundering and countering the financing of terrorism. Dave Hodgson, Director and Co-founder of NEM Ventures, said that the FSB’s analysis of decentralised financial technologies and regulatory challenges is encouraging, adding that he looks forward to more concrete recommendations in the future. He said: “It would be beneficial to hear from the FCA in the UK and the SEC in the US as they have thus far been quiet on their preferred approach. As a result, companies have been reliant on self regulation combined with hefty punishments in these jurisdictions for those who have fallen victim to this regulatory uncertainty. It is also critical to consider the role that proactive regulators such as Gibraltar, Malta, Bermuda, Switzerland, and Germany will play – as regulatory certainty will allow the population to operate how it wishes, while being legally compliant.” The joint Communiqué says: “Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.” However, after optimism, the authors of the paper raised concerns over new technologies saying: “While crypto assets do not pose a threat to global financial stability at this point, we remain vigilant to risks, including those related to consumer and investor protection, anti-money laundering (AML) and countering the financing of terrorism (CFT).” Except for the risks, the document notes that there are also benefits of blockchain for the economy: “Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.” The G20 leaders reaffirmed their commitment to applying the recently amended FATF Standards to virtual assets and related providers for Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT). “We look forward to the adoption of the FATF Interpretive Note and Guidance by the FATF at its plenary later this month.”
Short
by IgorPorokh
1
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis: . NEM/Dollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. . The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0850) Ending of entry zone (0.0634) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1330 TP2= @ 0.1681 TP3= @ 0.1982 TP4= @ 0.2765 TP5= @ 0.3686 TP6= @ 0.4567 TP7= @ 0.7177 TP8= @ 1.1405 TP9= Free
BITTREX:XEMUSDLong
by ForecastCity
2
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis: . NEM/Dollar is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. . The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0850) Ending of entry zone (0.0634) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.1330 TP2= @ 0.1681 TP3= @ 0.1982 TP4= @ 0.2765 TP5= @ 0.3686 TP6= @ 0.4567 TP7= @ 0.7177 TP8= @ 1.1405 TP9= Free
BITTREX:XEMUSDLong
by ForecastCity
2