XEM - reasons to go higher1 - All Time High: 2 USD
2- Breaking bear trend
3- Breaking RSI trend
4- RSI above 50
5- Price level near Strong Support
NEM
XEM 3D Growth, pain and suffering are all hereIn the digest "Weekend Bitcoin" 12 , you voted for the analysis of the XEMUSDT pair
A now spoiler - there will be little positive.
For 2 years, the XEM coin rattled the nerves of investors, trading in the $0.03-0.10 range.
But in the fall of last year - it happened, the price of XEMUSDT was able to break out of a protracted trade and continued to grow.
The result is + 850% - a little or a lot, for such a long wait, it is up to NEM investors to decide, we are not from their cohort.
The price rise to $0.85 gave many investors a chance to get out of this long-term investment at breakeven, and maybe even a good profit in the first time since 2018.
And surely many investors took the chance to get out of this "asset" because in just a week the price of XEMUSD dropped by -60% to $0.32
But the scary story does not end there, since the chance of the price of XEMUSDT falling to $0.10 and testing the zone that was previously traded is very, very large.
Positive note: before a possible further fall the price of XEMUSD deep down, there is still a chance to rise to $0.56-0.66
This idea is just our not-biased opinion regarding the XEMUSDT pair, looking exclusively at the chart and without delving into the fundamentals.
Believe our thoughts or not, and how to trade this pair, the decision is only yours)
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XEM (NEM) formed big bullish Shark for upto 300% moveHi dear friends, hope you are well and welcome to the new update on XEM (NEM).
On the monthly time frame chart, the price action of XEM with BTC pair, has formed a big bullish Shark
Buying and sell targets:
Buy between: 0.00000521 to 0.00000251 btc
Sell between: 0.00000833 to 0.00001448 btc
Stop loss:
We have a very strong support at 0.00000350 btc, therefore we can use this level as our stop loss rather to use the maximum extent of the buyig zone at 0.00000251 btc.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility up to 300% and a loss possibility is 33%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XEM (NEM) - 109 days of consolidationHi All
XEM after more then 100 days of consolidation is ready to take off. What do you think?
XEM (XEMUSDT/XEMBTC) Ready for 300%+ Breakout OR Slow Death?Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below.
Today's analysis was requested by a community member @ahmadabdallah96. First, some background on the project. XEM/NEM is a legacy project that dates back to 2014 and was hugely popular during the last bull cycle, with a huge following in Japan, and was in the top 10 on coinmarketcap. It has since slid slowly but steadily down the market cap rankings, sitting at #62 at the time of writing.
Now, into the charts, on both the XEMUSDT and XEMBTC pairs, XEM is at a macro low. On the XEMUSDT chart, we see the low at 0.1355 and that price has tentatively broken out of the resistance trendline, suggesting that price might be getting ready for a move. If you believe in the fundamentals of the project, this could be a good place to start scaling into a position as it offers great risk reward. If price breaks and has a daily close below the low of 0.1355 (which could be a drawdown of 20-30% depending on how fast the drop occurs), then consider taking a stop loss and potentially re-entering later. If that low holds and price starts to slowly move up or continue to consolidate, you can hodl until price starts to reach your take profit levels and scale out a portion at each point. The 61.8 Fib retracement is at 0.60, which is a potential 300%+ move from here. So a potentially 10:1 RRR trade here, but the line in the sand for me is the low of 0.1355.
We see a similar pattern on the XEMBTC chart.
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XEMUSDTWe will probably see a sharp increase in the next few days. The main target is $ 2 by early September, it seems
Something Big is about to happen..!Usually, Gold miners and ETFs perform better than gold itself. Whenever paper golds (Stocks and ETFs) underperform spot price it means something negative is about to happen in the stock market!
Today, most precious metal miners are negative! Take this phenomenon seriously!
Today, Gold experiencing its 9th green day in a row. Which is a very rare phenomenon! you can see only one 10 days and one 9 green days in a row since August 2018.
Close above 200 MA, possible golden crossKL - One of the top five gold miners in the world. Closed above the 200 MA few days ago and has formed a bullish flag. Also, possible golden cross soon (50 ma crosses above 200 ma). I like KL, NEM, GOLD as money flows out from crypto and back into inflation hedges. Cheers
NEM position trade possibilties
Good day fellow traders,
In the upcoming days ill keep my eyes on Nem for possible upwards moves.
The broader trend is narrowing atm, which can indicate a possible reversal pattern in the making. We are on the 100 EMA and 50 SMA which joined up.
Close to 0 lines in MACD and VFI volume ready for expansion growth > momentum. Keep a sharp eye on the daily candle patterns, we wanna see something in the range of the predicted candles on the chart.
We still need confirmation by breaking resistance levels at $0,43-$0,47. But ill rather look for a position below that $0,27-$0,33 followed by a fairly sharp stop loss. BTC will help make this move possible or impossible!!
Nems' position is in "large", in a better spot than a lot of other coins. It tested the low bottom of the larger pattern. Touched the long-term trendline originated on 11-01-2021.
Entry on the swing low, breakout, it all depends where you are comfortable. Be aware of the volatility that can occur at any moment.
Good luck to you all
NEM (XEM) - May 10Hello?
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(XEMUSD 1W chart)
(1D chart)
We need to see if we can get support at the 0.36545048 point and climb along the uptrend line.
The section 0.25414007-0.47676089 is a sideways section.
We have to see if we can build up the power of the ascent while moving sideways in this section.
On the CCi-RC indicator, we must see if the CCI line can rise more than 100 points above the EMA line.
Bollinger Bands began to converge.
In order to turn into an uptrend, you must break off the two downtrend lines.
Therefore, careful trading is necessary.
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(XEMBTC 1W chart)
(1D chart)
We have to see if we can get support and climb in the 649 Satoshi-733 Satoshi section.
In particular, we have to see if it can rise above the 707 Satoshi point.
If it falls, we have to see if we can get support at the 495 Satoshi spot and move up.
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It is advisable to trade at your average unit price.
This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.
The center of every trade starts with the average unit price you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit.
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** All indicators are lagging indicators.
So, it's important to be aware that the indicator moves accordingly with the movement of price and volume.
Just for the sake of convenience, we are talking upside down for interpretation of the indicators.
** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.)
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop Loss point or section
S: A point or segment that can be bought for profit generation as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.)
GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day.
G1: Closing price when closed
G2: Market price at the time of opening
(Example) Gap (G1-G2)
NEMUSDT TREND 📈The price broke above the ascending trend support line and crossed the MA50 in a daily chart. uptrend is expected in following days.
Symbol potential listings on major exchanges!Binance, Huobi and other exchanges who had XEM listed, will potential list XYM at some point. That allows some people to capitulated and then at some point people see a new coin come up, many are even unaware they have the airdrop so when the listings occur these tend to pump hard. We saw that with the STEEM vs HIVE fork and it could potentially happen again. Some airdrops/forks don't get listed, probably most... But I think this one is pretty major as the current value of the 'airdrop' is about 2/3 of the main coin. The delay might be because the teams on these exchanges are testing the new platform (Symbol) before they list it for trading.
Bittrex, Poloniex were the most recent listings so I doubt more won't follow. There can't be an easy stop loss on this one, especially as BTC drops but it is definitely a great one to hold long term but with little in it in case the listings don't occur.