XEM bullish flagsMACD is crossing and approaching 0, Stochastic RSI = oversold, reversal.
TP 8000 sat
There is some FUD in the market due to hacker trying to sell at the exchanges(now tried to sell on reddit, be aware). However, I've been watching a 50 BTC buy wall( 22 BTC already filled) on Bittrex since afternoon for 6000 sat . For current volumes on Bittrex this accounts for 25% of the daily trade. This guy knows something? Bullish signal? Or is it related to recent hacker issue?
For me still this looks like a good entry with 1st bullish flag affirmed.
NEM
NEM. Consolidation on the downtrend.In our previous review of NEM, we assumed a decline from $ 0.75 to $ 0.35 and a return to $ 0.75 from below.
The first part executed perfectly: the fall happened and reached exactly $ 0.35
But the subsequent rebound reached only $ 0.65.
Well, maybe that's all the buyers can offer.
A move to $ 0.75 is still possible, however we do not recommend waiting for it while in the purchase.
The game of bounces does not mean procrastination: there is profit and a hitch rebound - close and rejoice in success.
Technically, the picture of XEMUSD in recent days is a consolidation on a falling trend
Therefore, the most promising strategy in terms of financial profitability is to open positions for sale at take-offs and close positions at support levels fixing the profit.
At the moment, a good range for sale is $ 0.65-0.75
For repurchase of short positions: $ 0.3- $ 0.4
With confident fall from $ 0.35 down, the next support level is at about $ 0.2
We wish you profitable deals and follow our reviews!
XEM/USD Cryptocurrency Markets Haven’t Stabilized YetHere we have XEM/USD on the 4H chart.
The past two to three days have been somewhat positive for most cryptocurrencies as ETC/USD, LSK/USD in existence. After a terrible weekend and start to the week, most markets have reclaimed a lot of lost value. We are still months, if not years, away from seeing new all-time highs across the board. NEM is one of the few altcoins to have lost value relative to both USD and BTC in the past 24 hours.
As we can see the current NEM price dropping below $0.55 again, things are not looking all that impressive. Even though the NEM price reached US$0.60 following the massive dip to US$0.40 a few days ago, things are now starting to head in the right direction.
I am expecting XEM to get back up to the higher levels soon but slowly.
Bare in mind, that
Now we are seeing a minor NEM price correction, there is a new buy opportunity for cryptocurrency holders looking to diversify. Bare in mind that NEM rise hit an all-time high of US$1.90 (03-01).
Dont forget to follow if you want to be noticed
XEM/USD - 2/8/2018NEMs price is holding up strong while many others continue to decline. At a recent peak in the price, XEM created a head and shoulders pattern which sparked a reversal and a bearish push until the EMA(200) and around the 2/1 Gann fan line. This push has now completed the head and shoulders breakout and the price is ready to rise once again. The price has used the EMA(200) on 5 occasions since July (including the current testing of this level), this brings me confidence when claiming that the price is expected to start its bullish push once again to continue its long-term trend. This level is also backed and supported by the 78.6% fib retracement level and the fact that the RSI was very recently oversold. There is currently no divergence but seeing as though the volume is expected to become bullish again when the RSI increases, the price will increase accordingly. Due to the head and shoulders patterns breakout completion, the neckline of this pattern becomes a strong resistance level which is the basis for the first price target in the bullish direction. The second is characterized by the top of the right shoulder and a level the head used as support when it was almost completed.
Important Resistance Levels: $1.29, 0.839
Important Support Levels: 0.357
DISCLAIMER
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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
NEM , long-term Buy opportunity of XEMUSD, Don't miss itTechnical analysis:
NEM is in Down Trend but Beginning of uptrend is expected.
In Daily chart , A two-day hammer candlestick pattern was formed which is the first sign of the beginning a Bullish Trend.
In 4-Hr chart , There is a valid and clear divergence.
The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 38 .
Trading suggestion:
Price is in the support zone (0.516 to 0.336), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.516)
.Ending of entry zone (0.336)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.850 (First Target)
TP2= @ 1.151(second Target)
TP3= @ 1.305(Third Target)
TP4= @ 2.146(Fourth Target)
TP5= @ Free
NEM Coin WavesNem coin still trading upwards, where each wave is getting larger. XEM/USD reached an all-time high when it hit $2 resistance. It corrected back, down to the support at $0.67, which previous also acted as a resistance.,
Price rejected the support and the 4/1 Gann Fan trendline and perhaps now is the time for yet another wave up, that should be bigger than the previous two. The Fibonacci applied to the previous two corrective waves down show that the strong resistance is based at $3.6, which should be considered as the next upside target.
NEM/XEM Ready to Go w/ 400% Potential Mid Term (MED RISK)INDICATORS
MACCD levels look good on daily and weekly charts
RSI is decent
MMAR is very positive
Drop in price is still possible
INTELLIGENT PREDICTION
Short term (1-7 Days) - -10% - 40%
Medium term (1-3 Month) - 90% - 400%
Long term (5-12 Month) - 750% - 2,000%
MAKE SURE TO FOLLOW US TO RECEIVE UPDATES ON THIS TRADE
Which coins may not belong in Top 20 in 2018? (ETH to no1)Which coins may not belong in Top 20 in 2018?
Safe:
BTC -> go to no.2
ETH -> to no.1
BCH -> 0.1~0.2btc
NEO -> growth
EOS -> growth
Maybe:
XRP -> p&d
ADA -> p&d?
LTC -> Charlie sold
NEM
XMR -> good use case
QTUM
VEN
BTG
Probably not:
XLM -> p&d
IOTA -> p&d
DASH -> not as good as XMR
TRON
ICON
ETC
LISK
NEM is in the Range Bound and Resumption of Uptrend is expected.Technical analysis:
NEM, is in Range Bound and Resumption of Uptrend is expected.
The price is now below the 21-Day WEMA which acts as a dynamic resistance and prevents from more gains.
DAILY RSI is 45 and above a support level 46.
In H4-RSI , A Bullish exit is occurred which triggering more bullish momentum.
Trading suggestion:
Price is in the support zone (0.000085 to 0.000068), traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000085)
Ending of entry zone (0.000068)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
1. First target is at 0.0000619
2. Without target
NEM is in the Range Bound and Resumption of Uptrend is expected.Technical analysis:
NEM , is in the Range Bound and Resumption of Uptrend is expected.
The price is now below the 21-Day WEMA which acts as a dynamic resistance and prevents from more gains.
DAILY RSI is 44 and below a support level .
In H4-RSI , A Bullish exit is occurred which triggers more bullish momentum.
Trading suggestion:
Price is in the support zone (0.000085 to 0.000068), traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000085)
Ending of entry zone (0.000068)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
1. First target is at 0.0000619
2. Without target
NEMBTC ,A good opportunity for long trades in XEMBTCTrading suggestion:
There is possibility of temporary retracement to suggested support zone (0.000088 to 0.000072), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of Buy zone (0.000088)
.Ending of Buy zone (0.000072)
Take Profit:
TP1= @ 0.000106
TP2= @ 0.000137
TP3= @ Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 53.
.Current short-term is range bound, but beginning of uptrend is expected.
Weekly review of 10 major cryptocurrencies (15.01.18 - 21.01.18)During the third week of 2018, the most capitalized cryptocurrencies became much cheaper.
Bitcoin fell below the key support level and its share in total capitalization slightly increased (to 34.5%)
The mass sale at the beginning of the last week was replaced by a rebound to half of the decline.
The number of billionaire-coins increased to 33, and their total number (according to coinmarketcap.com) increased to 1,465.
The total market capitalization of cryptocurrencies decreased to $ 560 billion
Bitcoin went down by 15% from $ 13,700 to $ 11,700, but it also visited the $ 9200 mark during the week.
On the weekly chart, the rate fell below the fast moving average, descended to a slow one and bounced back to the former key support at $ 12,000- $ 13,000, which now is the resistance level.
On the daily chart, the indicator "Crossing moving averages" shows sale throughout the week.
Thus, we observe the development of the downward trend, the beginning of which we mentioned in our previous reviews.
This week, consolidation between $ 9000 and $ 13000 is the most likely trend
In case of a breakdown from the support level, the estimated reduction target will be in the region of $ 5000- $ 6000.
Recommendation: play the short game from $ 12,000- $ 13,000 with a target of $ 6,000- $ 5000
Ethereum for the week fell by 22% from $ 1,350 to $ 1,050, also visiting the $ 770 zone
As we expected in the previous week's review, Ethereum found its peak at 1400 and started a big correction. It escalated so quickly, that it almost instantly reached our estimated goal of $ 700.
Now we are seeing a rebound and attempts to return to former heights. However, according to wave analysis, it is more likely that we’ll see a sale with a minimum of roughly $ 500.
In this regard, we recommend selling Ethereum above $ 1000 and buying back under $ 700
Ripple (XRPUSD) for the week fell by 34%: from $ 1.81 to $ 1.34, also reaching a minimum of $ 0.85
The fall continues and develops as rapidly as the previous growth. Support on $ 0.90 will probably keep the rate for a while.
Sell. Buyback at $ 0.9, however, the ultimate goal of the rate decline could be $ 0.5
BCHUSD during the week fell by 30% from $ 2,520 to $ 1,770 reaching a minimum of $ 1,350
Fracture of the growing trend.
Support levels on $ 1200 and $ 800. Resistance at $ 2000 and $ 2,200
Sell.
Litecoin during the week fell by 19%: from $ 235 to $ 190, reaching a minimum of $ 138
Exit from the consolidation downwards. Further decline is more likely.
Support levels at $ 120, $ 80 and $ 60. Resistance at $ 200
Sell from $ 200 with a target under $ 100
DASH fell by 17% from $ 989 to $ 820, visiting the $ 590 area
Fracture of the growing trend.
Sell with a target of $400
NEM for the week fell by another 20% from $ 1.31 to $ 1.04, reaching $ 0.65
Fracture of the growing trend.
NEM’s picture looks more positive than many others, but we recommend closing long positions
Support levels: $ 1, $ 0.5 and $ 0.3
Resistance at $ 1.3
Monero went -2% during the week, from $ 393 to $ 346 reaching a minimum of $ 236
Correction on a growing trend.
Support levels at $ 320 and $ 200
Monero looks better than others, but it is unlikely to grow against all.
Therefore, we recommend selling it. However, it’s too early to open decline positions.
NEO fell by 24% from $ 167 to $ 127, reaching a new maximum of $ 200 and a minimum of $ 94
Fracture of the growing trend, but within the consolidation.
However, we recommend closing long positions on NEO too.
see comments...
You can't keep a good XEM down! Or can you?XEM has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage.
We have good buying pressure from 0.80c and I would expect strong support at 0.90c.
Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1.
Current resistance is between $1.2 and $1.3 and we could see a nice little run if the bulls can push the prices past those levels.
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NEM. A signal for sale. Target at $ 0.2On the day before yesterday, a sell signal was spotted on the daily chart of XEMUSD, it came from the indicator "Crossing moving averages"
Since then, the price did not bounce back, exacerbating the bearish picture.
According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new 10-fold growth to $ 8- $ 10 within a month should begin.
However, while the "Crossing of moving averages" indicator is on sale, we recommend to play the short game.
For this, it's good to use the growth attempts to $ 1.2 - $ 1.3 and open short positions there.
The goal of the decline is now close to 0. But if we bounce back to $ 1.2 then the target goal will be just at the support level $ 0.2 - where this 10-fold December growth begun.
The reverse of the trend to “buy” will be possible only above $ 1.5
NEM BreakoutHello everyone,
Hope you're not totally fucking dead from the overall bleed recently. It's not expected to continue much longer. Anyways,
NEM looking nice right now. It has one of the longest historic support lines I've ever seen on a coin and the recent fucking hasn't hurt it. The downward ceiling on the wedge isn't as strong leading me to believe it'll break upward once the market cap stops falling (it should bounce off of support soon). See my chart for details - target buy in is right around now.
Thanks for reading!
I take tips! If you'd like to donate a small amount for reading my chart and TA I'd greatly appreciate it.
Litecoin: LcAeke9vi5vRapWYtqqqNKJdHBj7JrBVit
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Bitcoin Cash: 1GEi9pEs96kQAodGYeFTqD3xZJhLoviS9h
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Any help is greatly appreicated - I'm trying to trade the same as all of you.