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NEM

$XEM $XEM.X - New Economy Breaking out?Taking a look at XEM on the daily chart and we may be seeing a classic bollinger breakout opportunity though may be a little early to tell but there are some good signals coming off the chart and on smaller time frames: Bullish Signals: The bollinger bands have squeezed and are starting to part which means volatility is coming back and we have a bullish candle starting. 10 period moving average has crossed over the 20 period RSI is over 50 and trending up Stoch line is trending up This pattern repeats on smaller time framed. Bearish Signals: Stoch blue line is parting from the red, could show the trend starting to reverse. We are at the top of the current bollinger band showing resisitance We are seeing resistance at the 50 period moving average on the daily. Overall i believe we will continue on a bullish trend here and may have a band riding scenario. May see a short retracement since where at the top band, bounce off the 10 period (red) moving average an continue forward. IF this is a classic bollinger bullish breakout and volume spikes up, possible gains. I think im going to take a position here look to buy in.
by UnknownUnicorn2091450
What's up with NEM?!! BooomNEM has one of the most erratical price variations that i have ever seen. Its price seems to be highly volatil until today (good news). The Theft of January 26 its marked on the chart with a vertical yellow line and we can see that after that it hasnt interfered in major trends lines. Using closed prices its very easy to find Harmonics. And now looks like NEM its forming a butterfly. Plus that, MACD is converging since the rise ofJanuary 3. Please share your comments, observations, analysis, opinions or anything that help us to keep learning. Of course this is not a trading advice, its just for educational uses. Good Trade -CJ-
Long
by CristoJaraba
March : Bullish Accumulating Month for XEMFA : - First of all a proved-itself coin for years, not a shitcoin. - 20 exchanges you can trade XEM. In this month it will be 21. - Top 20 coin on total market cap. - At least 1 event on every month till summer. TA : + Correction is over. + Holding on the bullish support. + Moving averages are still bullish. (Green line : 50MA, Brown line : 100MA, Purple line : 200MA) + RSI is bullish too. + Very oversold in last month, it will be bought in this month. + Just gave bullish reversal sign yesterday on XEMBTC chart. + Whole cryptocurrency market is recovering. MACD and Volume are not satisfying but already dipped and possible to get normal & bullish. Looks like it will go into a horizontal congestion trend which is a buy-zone in March. Targets : Fib levels. Stoploss : 0.30 USD. Time : April & May. Also possible to make a breakout in March. Good luck Do your own research. Please comment if I have mistakes.
POLONIEX:XEMUSDLong
by aozan88
6
XEM/BTC - 3/28/2018Good Morning, Traders! NEM is currently looking at extremely low volume on Bittrex and is consolidating into what could be the formation of a triangle. The bottom trend line forming the triangle is solidified by 3+ touches, although the top has only touched twice. If the volume continues to stay this low when the price finally breaks out of this triangle, the breakout will not be very significant and there will not be much price action. If the volume assists the breakout though, the price is expected to reach at least the 78.6% retracement level due to little resistance before this level. After reaching here there may be a short retracement that usually occurs after these types of breakouts, before reversing again and continuing in the bullish direction. The complete breakout is measured by the green vertical line. The price will only reach this level due to this breakout if volume allows for this. Important Resistance Levels: 3949, 3641, 3408 Important Support Levels: 3043 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
Long
by EQBM
NEM has achieved the goal of reduction and a strong support leveIn the last review, we wrote about the idea of a short from $ 0.40 to $ 0.20. NEM after that was able to climb as high as $ 0.50, and only after it rushed down towards the goal and support level at $ 0.20. Support level at about $ 0.20 turned out to be really strong: last week the minimum was $ 0.22, and on this week it’s even higher, despite the increased volumes of trading. The fall stopped, at least for now. Therefore, we change the short-term recommendation to "Neutral" Long-term recommendation "Sell" received a technical confirmation: MAcross on the weekly chart turned upside down. Thus, in the near future a consolidation over $ 0.2 is the most likely picture After that the rate will probably test the minimums and try to go down even further Profitable deals and follow our reviews!
BITTREX:XEMUSD
by icexch
2 OPTIONS WITH NEM (xem)Hey fellas, hope you are doing well, here is my review on xem/usd. We have been free falling for more then 2 months now! I think we touched the bottom and won't go below 0.2 USD. We are moving inside a descending channel, which indicates a bearish trend. No doubt that we are in a hard bearish trend with no signals of reversing to bullish trend any time soon. Until the brighter tomorrow, lets set some targets! (I formed this channel on weekly chart) OPTION 1 daily chart We could see bigger bearish move and test long established trend line/support (ORANGE line) at the price around 0.2 usd. From there on we can move towards TARGET 1 (blue line) and TARGET 2 (green line) and eventually test the upper line of the channel. I would spread my sells between tg1 and tg2. Here we are looking at 40-70% move. OPTION 2 daily chart We move sideways for a bit and then shoot to target 2 (green line). Here we are looking at 20% move. LONG TERM On Weekly chart we can see RSI testing support. We can see a bounce from that level and test the upper line of a channel. Wish you all good trading, do your own research before make any calls.
BITTREX:XEMUSDShort
by BlueNotebook
NEMBTCNEMBTC After lifting on the wave of news about compensation for losses, NEM drew his head and shoulders. and although the right shoulder turned somewhat flawed, we still began to work out the channel down. Now we have found new support in 4100 satosh. However, the head and shoulders have not been fully developed yet, if the buyers do not get up, we are likely to continue falling to the next support level of 3900. It is also not very strong. Do not forget about the stolen coins. According to various sources, attackers could sell about 40% and still very much remain, which can also affect the price, pushing it down. More attractive levels are 3350-3500. More risky people can try to win coins now, but personally I'll wait and watch the market for the time being. You should also remember about the BTC. I think that after its reversal, NEM will resume its growth again and possibly conquer new peaks, but for the time being it's too early to talk about it. Good luck.
Short
by DorisKat
NEM second attempt to make a bottom turnCoin of the day is NEM. NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multi-signature accounts, encrypted messaging, and an Eigentrust++ reputation system. In 2016, NEM jumped in price and become one of the largest cryptocurrency by market capitalization. While the industry was struggling with the DAO hack and recession of the Ethereum, several Japanese banks signed an agreement with NEM to create a payment infrastructure for the blockchain. The 2018 year which started with the depression all around the cryptomarkets pushed the coin to the lows, almost wiping the 2017-year gains. XEMBTC found a bottom around the 0.00003 level and now is drawing a rebound pattern. The coin had a downward impulse recently, while was facing the consequences of the Coincheck hack and waiting for the G20 crypto-regulation statements. Coincheck has settled an issue, and G20 summit turned out to be better than expected for the future of the cryptocurrencies. Hence, the recent decline stopped on the Bullish Trend Line support not reaching the 0.00003 level. XEM jumped off from the support Trend Line accompanied by the high volumes. Now the coin is testing the 0.00004 level once again and if the coin breaks above this level- the downtrend pattern will be violated, and the coin will get one more chance to unfold into a bullish direction.
Long
by DestinationMoonCrypto