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NEM

IH&S formation is near to attack of the neckline.I had some hopes in my previous idea for panic dump, to get more cheap XEMs than 10cents, but this price formation can be here shortterm or midterm game changer. Of course i dont hope here now for whole trend change, only jumps to test 14 or even 20cents are possible (without big announcements, only in case of more bullish power on whole market). After that jump i still expect fading of price to retest 10cents and slow, horizontal accumulation phase by big players. But if this formation will fail, the bearish scenario from my last idea will be in play.
HITBTC:XEMUSD
by orminlange
Ermanometric bottom here...looks good. It is first time since i analyse XEMUSD, when ermanometric reversal day have worked so accurate. Ermanometry of course is not always so accurate (like resistances and supports levels - see also the previous potential reversal day market as 106 vertical line on my chart, now work like ermanometric pivot and was like resistance @around 12cents), but is worth to look at it for sure. Will be here another wave down or it was a final bottom? Honestly, that can only confirm market behaviour not my wishes. XEM 1.17% is worth to observe - if another wave down will occur it will be much cheaper to collect for longterm hold. 10-12 cents of course looks also cheap, but is around 1bln$ capitalization. We have not uptrend in crypto, there is sometimes FUD produced by Morgans or Goldmans or other branches of banksters, so with that in mind 10-12cents is not yet so attractive. And i expect new bottom @BTCUSD this year, so the upspike @XEMUSD if will occur, should be shortlived - depends on market makers of course (pumpers&dumpers teams).
HITBTC:XEMUSD
by orminlange
6
New Economy Movement Falling Wedge Reversal..XEM/BTC GAINS!XEM is another top altcoin which has been in a big bearish market as we can see and we can see that it has been making a reversal pattern in its bear movement and now we are at our ultimate bottoms, however we can see that we are still inside the wedge and there is still room for downward movement so we should wait for the bounce from our trend line which will get us out of the wedge and the green price zones are our targets and the blue prices are our next supports if we go for more downward movement. As I am more of mid/long term trader the price we have now is pretty attractive for me and may be a buy in however if you are for instagains then you should probably wait for it to get out of the wedge. Bullish inedicators: -EWO - we had a bearish divergence which got rejected by the green wave circled in the graph, and now we are having bullish divergence -STOCH - has started moving from oversold are and now we are going up -MACD - strong bullish divergence on MACD (trend has made 3 touches and now we are going for the 4th one, if we bounce from this touch this is a very strong bullish divergence we are having on MACD) Details of the trade: Targets: 1. 0.00002029 BTC 2. 0.00002228 BTC 3. 0.00002532 BTC 4. 0.00002735 BTC Stop loss: well if we are joining the trade now then our stop loss should be 0.00001490 BTC and we can sell there and buy at lower prices(the blue prices shown) Buy-in: 0.00001495-0.000016 BTC and if we go for downward movement inside the wedge then you are free to buy at the blue prices. Good Luck, Traders! #moon #mooncommunity
Long
by farhadjafarov7
10 cents or lower?10 cents looks as good support here (combined with 6000@BTC), however market always can do flash crash much below that point, risk is high. I got now some new XEMs stack from that level (around 10,6cents) but i must have also plan what to do if market will go lower. But even if it goes lower (and i will buy more XEM in 2-4cents area) there should be bump to that 10cents sooner or later. Not a trading advice however, please do Your own research, before You tank XEM or any other alt in this beartrend! Bigger picture on daily basis:
BITTREX:XEMUSD
by orminlange
4
There is a possibility for the beginning of uptrend in XEMUSDTechnical 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 55. . The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.1860 to 0.1380). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1860) Ending of entry zone (0.1380) 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 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= @ 0.2765 TP2= @ 0.3686 TP3= @ 0.4390 TP4= @ 0.5305 TP5= @ 0.6540 TP6= @ 0.7730 TP7= @ 0.9680 TP8= @ 1.1647 TP9= @ 1.1429 TP10= @ 1.7987 TP11= Free
BITTREX:XEMUSDLong
by ForecastCity
There is a possibility for the beginning of uptrend in XEMUSDTechnical 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 55. . The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.1860 to 0.1380). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1860) Ending of entry zone (0.1380) 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 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= @ 0.2765 TP2= @ 0.3686 TP3= @ 0.4390 TP4= @ 0.5305 TP5= @ 0.6540 TP6= @ 0.7730 TP7= @ 0.9680 TP8= @ 1.1647 TP9= @ 1.1429 TP10= @ 1.7987 TP11= Free
BITTREX:XEMUSDLong
by ForecastCity
2
Weekly review of 10 major cryptocurrencies 09.07.18 - 15.07.18 Last week main cryptocurrencies lost the increment of last two weeks and started to decline. However, Bitcoin managed to spend all the week above the key level of $ 6’000. Its share in the total capitalization is still 42,8%. The number of billionaire-coins decreased to 18 and their total number (according to coinmarketcap.com) increased to 1’641. The total capitalization of cryptocurrencies declined to $ 255 billion. Bitcoin declined by 5% from $ 6’700 to $ 6’350, the minimum was $ 6’080. Upward correction did not manage to overpass fast-moving average on $ 6’800. The decline renewed and achieved the minimums of the week before. However, the key level of $ 6’000 resisted again. This week the attempt to break the support near $ 5’800 is likely to happen. If it is unsuccessful, the market will remain the diapason of $ 5’800 - $ 6’800. Until $ 8’000 is overcome, long-term technical picture remains bearish. Ethereum decreased by 7,5% from $ 486 to $ 450 with the minimum if $ 418. Ethereum lost the achievements of the previous week and renewed the decline. The support is $ 400 and $ 360. The resistance is $ 500 and $ 570. The rise above $ 800 will be a signal of long-term increase. Ripple (XRPUSD) went down by 7% from $ 0,48 to $ 0,445, the minimum was $ 0,424. Ripple lost the achievements of the last week and resumed the decline. The correction-consolidation from April minimum near $ 0,45 has been going on. Its overcome will open the way to $ 0,2 - $ 0,25. The further decline is more likely. BCHUSD declined by 3% from $ 749 to $ 724 with the minimum of $ 662. The rate has consolidated above the support and the minimum of this year of $ 600. The support is on $ 600 and $ 300. The resistance is $ 1’100 and then $ 1’800. The further decline is more likely. Litecoin declined by 5% from $ 82 to $ 78 with the minimum of $ 73. The key support near $ 100 was broken. There are now no technical obstacles for the decline to $ 55. After correction-consolidation started, the resumption of decline is more likely. IOTA declined by 7% from $ 1,08 to $ 1,00 with the minimum of $ 0,93. IOTA has been consolidating near key support level of $ 1. The further decline to $ 0,33 is more likely. NEO decreased by 23% from $ 39 to $ 34, the minimums was $ 30. As we have expected, after the return to the support of $ 45 broken earlier, the decline resumed. The further decline is more likely. Monero decreased by 10% from $ 138 to $ 124 with the minimum of $ 83. Monero had a great decrease last week after the return from the down to the support on $ 150 broken earlier. The sale almost halved the price and achieved the support level near $ 80. The close of the week fixed more modest achievement of bears. The further decline is more likely. DASH went down by 5% from $ 243 to $ 230, the minimum was $ 203. The decline achieved the strong support near $ 220. And it still keeps the market from further decline. The further decrease is more likely. NEM went down by 12% from $ 0,185 to $ 0,162, the minimum was $ 0,15. The important support on $ 0,20 was broken. Now there are no technical obstacles for the decline to $ 0,1 (after started correction-consolidation). The further decline is more likely. We wish you profitable deals and follow our reviews!
BITFINEX:BTCUSDShort
by icexch
XEM have bounce from intresting area.Logarithmic, daily chart, and dotted trendline (based on daily closings) worked here well out. But this of course does not guarantee, that this dip was the last one. It is however worth to show. We must remember that real XEM trade began little earlier than in April 2015. It was in October 2014, when XEMs stakes (2.250.000XEMs each) were traded on Nextcoin Asset Exchange (or something like that i dont remember how it was called). So the starting point is in this month (October 2014). There was some small divergence in case of RSI14 (daily) indicator, but for me is to small, to say that this dip was the last one. Maybe good idea is to wait for some dumps under 14cents to catch much larger divergence in the nearest future. But of course each trader should judge himself, where is suitable moment to jump in here. I own 80.000XEMs and can live without any more, but in case of new dips i will look closely if this will be good opportunity to tank some more to the main stack. In case of 4h chart we had here beautiful double bottom formation with divergence @RSI14 too. The same, but without double bottom @ XEMBTC pair:
BITTREX:XEMUSD
by orminlange