Newmont breaking out of the box and going lowerThe Bollinger Bands contracting inside the Keltner channel predicts an explosive move ahead that will last at least 8 days. Combine that with Newmont's Price Action creating a box which looks like it's breaking through. I would not be surprised if there was a retrace to the top of the box later today if action is aggressive, or Monday morning - then it's Sayonara Sucka.
I've already detailed all the reasons why in my gold/dxy threads why miners will experience more pain ahead. I'm selling OTM calls and buying ITM puts with the credit here. If it goes up, it's a squash - if it goes down, excellent revenue to average in at a lower price until miners turn around.
Nemanalysis
Newmont: Nearly There!Newmont has been following our primary scenario and has as good as reached the ideal destination for wave ii in magenta near the lower third of the magenta zone between $69.49 and $56.42. Thus, it should soon turn around and move upwards. However, there remains a 40% chance that Newmont could drop through the magenta zone and below the support line at $52.60, which could then entail a continuation of the descent below the next support at $46.07.
NEM XEM Buy the bottomHello trenders,
Time to see some price action in XEM. I can see a positive trend even though Volume and RSI sucks.
Should be able to stay over 540 Sats.
In a short period shows a 100% profit (after tax) :D
Looking to the end of the year can really surprise the potential.
MMM (Make Motherf.ckin Money)
Invest your money wisely, be patient.
Trading Signal For XEMUSDTTrading Signal:
A Trading Signal is seen in the XEMUSDT NEM
Traders can open their Buy Trades NOW
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NEM XEM is ready to climb up...XEM/BTC tested MA200 for a couple of days; in case of break, this could be a great buying opportunity...
Watch out...
There is a trading opportunity to buy in NEMUSDTechnical analysis:
. NEM/US 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 85.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0575 to 0.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0575)
Ending of entry zone (0.0455)
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= @ 0.0784
TP2= @ 0.1079
TP3= @ 0.1330
TP4= @ 0.1982
TP5= @ 0.2765
TP6= @ 0.3595
TP7= @ 0.4526
TP8= @ 0.7147
TP9= @ 1.1387
TP10= Free
There is a trading opportunity to buy in NEMUSDTechnical analysis:
. NEM/US 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 85.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0575 to 0.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0575)
Ending of entry zone (0.0455)
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= @ 0.0784
TP2= @ 0.1079
TP3= @ 0.1330
TP4= @ 0.1982
TP5= @ 0.2765
TP6= @ 0.3595
TP7= @ 0.4526
TP8= @ 0.7147
TP9= @ 1.1387
TP10= Free
Past, Present and Future of XEM Price
The NEM was created as a computerized coin in the year 2016. This improvement depended on the accompanying highlights.
Global acknowledgment NEM has gotten and has been perceived as a computerized coin and its circulation was totally situated in Japan during the beginning, and in the further time, it wound up prevalent all through Asia. Presently it’s going for overall acknowledgment in the digital currency showcase.
As a piece of the cryptographic money system, the mined computerized coins of NEM are conveyed reasonably with monetary guide.
News Source: TheCoinRepublic
Will XEM make it’s place in Top 5?
NEM (New Economy Movement), propelled 31st March 2015, is a shared cryptographic money just as a blockchain stage that principally centers around giving security to the digital money resources. Adding to this it additionally includes in changing the calculation into a significantly more adaptable one.
NEM Price Prediction
NEM has been a dependable stage due to a few reasons and one of them is the way that it effectively reacts at whatever point there is a spammer who wrongfully meddles into a system. Truth be told, NEM closes them down also.
News Source : TheCoinRepublic
NEM’s Surprise Growth In the Time of Slowdown
NEM saw a 55% development in its cost and crested at US $0.10 at once. It had the greatest development among the Cryptos and was viewed as the far-fetched cash developing at the hour of sadness. While it was developing, the Crypto market was seeing a ruin in its cost. Significant digital forms of money like Bitcoin, Ethereum, Litecoin, and others took a plunge and the market was down
NEM used to operate with the Mijin blockchain software. Mijin blockchain is a software which was tested predominantly in Japan and other countries worldwide. This software had to be removed due to hacking which took US $530 worth of XEM from the website. While this wasn’t a major incident, but NEM was quick to act fast and launch its new software Catapult, which it had in the making. This software was announced on Twitter and it gained massive traction and this software was adopted for more security.
Also, an announcement of the development of a Mobile Wallet was done and users could track its development process through Twitter which provided a link to the website. While riding heavily on the success of Catapult, NEM capped over $809 million and it was traded at $0.10 which is a peak since the start of the year. Now it has relatively slowed down and the price has got down to approximately $0.08.………….
News Source: TheCoinRepublic