#XEM / #USD and #XEM / #BTC pairs in 1h chart - Price PredictionHere's another prediction for a currently hot market. NEM aka XEM.
Doing a dual chart in 1H timeframe and here's my bullish view on this market.
NEM
NEM POTENTIAL LONG OPPORTUNITY Just took a quick look at my NEMUSD chart. Looks like NEM is on the move today, slight higher high. A bit of volume in the market. Its currently sitting beneath a solid management zone. Keep an eye on this today
NEM near the breakout, buy for 50% profit?NEMUSD price is in a symmetric triangle, near the breakout. Buy on breakout or on the support for a target of 50%+
NEM Bullish DivergenceThe trading idea is based on a bullish divergence which gives us a trend reversal signal. The price is going to bounce from the support level. We can use the previous high for placing pending orders for buy. Entry level is 0.00002600 with stop at 0.00002100 level. Profit targets are 0.00003300 and 0.00005000 resistance levels. The part of trade volume can be left for long run. This market will allow to increase BTC value, if the market moves upward.
NEM-XEM trading idea setting up for DecemberXEM is launching it's 2.0 version at the end of December. In large falling wedge since June on BTC chart! Obviously, the price has seen a reversal in USD based on BTC going banana's. A trend reversal can occur at any moment
( new money flowing into the market ). It has found some support at the current level. Hence I left the entry point broader. My personal opinion we will see a little more down supported by ( DMI, PHOENIX, RSI, STOCH RSI ). In general, we could set ourselves up for a good trade come end 2017- beginning 2018.
Accumulating XEMXEM (NEM) is one of my favorite projects to accumulate at the moment.
Check out their Twitter @NEMOfficial to see all the projects that are working with currently, it seems like there is progress almost daily.
Also check out their website to learn more about what XEM is. NEM.io
Great team behind them and the prices looked to have bottomed out with a change in the trend.
Setting my targets which I feel will be easily reached once whales have done accumulating and people start to take their eyes off Bitcoin.
I will save a decent amount for future growth after those three targets are reached.
If it does break lower then I will just continue to accumulate more at even cheaper prices.
Is new moontime here possible?After bigger volatility, i see here some accumulation behaviour on the chart. Only question is when the moontime come, or from which level, from now on, or from lower levels? I dont know this, noone can know this (beside pumpers of course).
Another wave of fools/dumb money in BTCUSD...... so here without huge fundamental info, the price probably will slide deeper (after break of the orange line). Price target for this drop is around 8cents but spikes can be of course deeper than that. Fools/dumb money jump in the last stages of pump @ BTC, some of them will dump before owned altcoins - just like XEM. It's so pathetic:)
NEMNow is a great time to open a buy order.
The RSI oscillator is slightly higher than 50, the stochastic RSI and MACD makes the cross up.
Buy 0.185
Target 0.24
Stop Loss 0.17
Nem coin great option to invest for a long termNEM uses PoI, also known as proof-of-importance. This means that (unlike Bitcoin and Ethereum), NEM is environmentally friendly, and more secure. Unlike mining Bitcoin and Ethereum, network upkeep does not require hundreds and thousands of electricity-hogging mining machines.
A NEM node can be run on a computer as simple and cheap as a Raspberry Pi, which is only $35 and takes up very little electricity.
NEM is also superior in security. It uses EigenTrust++ for node reputation, which is not used in any other cryptocurrency, and strengthens the security of the network considerably. It also uses localized spam protection, which shuts down spammers, and only the spammers, when the network is at full capacity. Both are only found in NEM.
NEM was built with a two-tier design in mind as well. If you want a wallet, you don’t need a full node and a copy of the blockchain. Instead, you can just connect to any node, and have access to all the same features without trusting it.
The price went down in the last 3 days from 0.19 to 0.179 and it's a great moment to buy cause as you can see in the graph it shows that the volume is increasing will take time to reach $1 but can rise to 0.30 in the next 2 weeks what will increase your investment by 50% for the long term can rise by more than 5000%
NEM: will be parabolic with a catapult?Guys, I revised the chart scaling.
Firstly, I want to say that the long-term trend line coincides with the 1x8 angle and it holds and this is a good sign.
Secondly, I see signs of the beginning of a new cycle.
I've already seen a similar chart somewhere and this is a BTC chart before he started parabolic growth.
Congrats to all in NEM/XEM, I think that you made a very successful long-term investment!
As for the bearish scenario, yes indeed such a probability exists.
Look at the chart, where you see the support below? ~10 cents, right?
What should happen with the top10 cryptocurrency to lost about half of the capitalization?
Of course in the cryptoworld anything can happen, but I personally think that such a probability is not high.
Trade at your own risk.
NEM. Very interesting chart.Very interesting chart.
perhaps there will be a reversal, and perhaps there will be a fall to 0.10.
A lot depends on which candle is next.
I will definitely update tomorrow. Perhaps earlier. Happy Trading
XEM: The next big thing in cryptocurrenciesXEM/USD sitting on a long-term support.
I personally believe that buying XEM around 16c is like buying BTC around $800.
Buy as much as you can.
Trade at your own risk!
Nem (XEM) is a good Long opportunity The lowest blue Line should act as worst case bullish-support where everything above is a good buy (depends on market where the lowest dip will be) .
As the market only got hits by lates Bitcoin ATH we saw incredible lows on the altcoin market which all could correct up a bit .
I have choosen New Economy movement because i watched the hole hype with japan adopting it as second biggest cryptocurrency but never bough a single coin.
Now i think we reached a Point, where we could relatively safe get in for some short term profits and the goal to hold some 'free coins' over the next years.
I used my usual indicators as well as the Ethereum price to use it as main 'altcoin index' .
Happy trading, Cheers
Max
NEM / $XEM: Good buy opportunityThere are several signs $XEM is a good buy opportunity.
Low RSI.
Below Moving Average
Heading to strong support.
Time for an uptrend...
NEM SIDEWAY TRADINGNEM is in side way for more one month, this situation makes hard to trade but fortunately we have two way to trade
For those short term buy around @0.16571500 and sell around 0.23820450
For those longterm buy around @0.14566140 and sell around @0.2439788
