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Nembtc

BullishNow that the CoinCheck incidence is behind us we can start to see more organic chart-patterns in NEM. Due to market manipulation by the hacker, we can see how artificially out of trend NEM became. I suspect if it wasn't for the hack we would've at least fully tested the resistance in the small up-trend during the incident. Vertical red bars represent start and end of incident. Almost exactly after the end of the incident we immediately started seeing a recovery. I believe we're going to come down and retest the support on the cloud (2), break through the triangle resistance while simultaneously going end to end on the cloud (3). Either coming back to retest the cloud (4), or triangle trend line before continuing the bullish trend. You'll also notice the cloud is tightening so we may see a flip in the coming days. RSI trending down from overbought. Overall bullish, but I think NEM may dip for a couple days for that retest. Opening new positions is ill-advised as we are currently in the cloud. If you're looking to take a long position, it may be best to wait for (4) confirmation. Obviously not financial advice.
Long
by daifukunem
NEM have a high media attention.Coin 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. Media attention on Reddit and Twitter has risen to a new high during last week; such shifts could have occurred due to NEM listing by Binance (in March) and overall positive news background around the coin. As reported via CoinLive earlier last week, Tutellus, a blockchain-based EdTech company aimed to incentivize both learning and teaching, switched from Ethereum to NEM as its main blockchain. XEMBTC brought attention to itself during last days by the strong growth and breaking above the 0.00004 resistance. Last time when the coin went into an uptrend, it ended at the 100-days EMA (14.03.2018), today the price reaching 100-days EMA again. A breakthrough above the EMA will lead the price upwards to the previous high at 0.000057. The break of the 0.000057 high will change overall chart bias to an uptrend. From the below, 0.0004 level should hold as a support to remain bullish sentiment.
Long
by DestinationMoonCrypto
NewEconomyMovement (XEM) Getting Ready (380% Profits Potential)NewEconomyMovement (NEM / XEM). This is the coin that we will be visiting today. I will be sharing with you the trade instructions, charts, indicators and signals, as well as some text about the different reasons why we trade altcoins. This is a very strong project, with a great team and lots of action always going on. Looking at the charts reminds of the last time I traded it, easy money, always, this time around we can earn even more. So let's start this trade by looking at the 2017 daily chart. This chart goes back to the beginning of March 2017, you can see XEM's last two bull run: - Here you can see XEM long term. - The red square represents the price range at which XEM usually takes off before a bull run. It happened twice already, the third time the top was low, compared to the first two, but the fourth time is yet to come. This is the next wave that we want to ride all the way up. - Magenta price is the top. Both runs reached the same all time high. - The black dotted lines represent the bottoms. - These are just some basics, we will be taking a closer look later on... Let's look at the same chart above but with weekly candles... It gives a clearer view, and it is also good for your learning and entertainment: NewEconomyMovement (XEM) Trade Analysis by Alan Masters TRADE INSTRUCTIONS Buy-in: 0.0000330 0.0000410 Targets: SHORT - MID (1) 0.0000460 (2) 0.0000508 LONG (1) 0.0000547 (2) 0.0000708 (3) 0.0000969 (4) 0.0001155 (5) 0.0001392 (All time high) (6) 0.0002075 (New all time high) (7) 0.0003181 Trade strategy: Aim for profits. Buy within buy-in range and wait for your targets to sell. If the price of Bitcoin crashes once more before XEM takes off, do not worry about it, wait longer until the next altcoins market bull run starts and sell for profits. So just buy & hold to later sell on target. CHARTS, SIGNALS & INDICATORS - On the daily chart, I can see very strong bullish signals coming from the MACD indicator. - The overall structure of the chart is a bit of sideways, with tendencies of going bullish. - Many of the same signals & indications that are available in our other analysis can be spotted in the XEM charts. - Please allow time for this trade to develop.
Long
by AlanSantana
44
$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
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
NEMBTC consolidation, then 100 % gainsNEM has started it's consolidation cycle after coming down half-way from its last all time high. This is coinciding with a drop in BTCUSD after present "bull trap". I do not think this is really a bull trap just a wave 1 of a much larger impulse wave. Anyway looking back to NEM's last complete cycle, we see a very similar fractal pattern which corresponds almost exactly with the same BTC cycle that we now observe. I suggest NEMBTC will continue to consolidate over the next days/weeks as the last of the "weak hands" are shaken from the BTC magic money tree. When the whales have had their fill, BTC will start the next wave up (soonish) and NEMBTC will begin a price run just as before. This could see potential gains of 100 % in NEMBTC. I also now see a potential drop in BTCUSD to 8200 USD, which is 70% of the "bull trap". This corresponds nicely to the July 2017 drop illustrated. Time frame is at least one month for completion.
Long
by RealMcafee
3
XEMBTC has limited bearish potential:bullish biasPrice action in XEMBTC (NEM) from the May 22, 2017 high of ~0.00013911 down to a low of ~ 0.00001128 (on Dec. 8, 2017) is corrective i.e. a 3 wave move in this case that I have labelled as an A-B-C Elliott wave structure. This implies either at least another 3 wave move back up or the resumption of a bullish impulsive wave. Price swing upwards from the Dec. 8, 2017 low up to a high of ~0.00010264 on Jan. 4 2018 was rather another correction (3 wave move), and not impulse move. The current price swing downwards from the Jan. 4 2018 high is either wave (C) (to be labelled capital letter and in pink) or wave B ( capital letter and in red). Either scenario implies the resumption of at least another 3 wave move back upwards or impulsive move. Since both scenarios point upwards(bullish), XEMBTC should be considered for a long position (bullish). Support 1 (between 0.00003263 and 0.00002451) is a likely target for the current downswing in price and if price breaks through Support 1, Support2 (between 0.00001244 and 0.00000235) would likely offer a floor for XEMBTC. Assuming a scenario where price continues to sell off and reaches Support 1, buying a break out after consolidation at Support 1 (e.g. at ~0.00003271 and placing the stop loss below Support 1 e.g. 0.00002447 would give a risk = 0.00003271- 0.00002447 = 0.00000824 Reward = 0.00006858 (Bottom range of Target 1) - 0.00003271 = 0.00003587 Risk/Reward ratio = 0.00003587/0.00000824 = ~4.4:1. Use of a break out above Support 1 as explained above for example and using the bottom range of target area 2 to take profit will give a risk/reward of ~7.3:1 . Use of the bottom range of target 3 to take profit gives a risk/reward ratio of ~10.4:1 Range for Target 1: 0.00006858 and 0.00007573 Range for Target 2: 0.00009321 and 0.00010503 Range for Target 3: 0.00011808 and 0.00013852
by Coin_Analyst
Does XEM pull back or not?1-Week Chart: The weekly XEM chart shows more closely the 50-week moving average are the primary resistance levels and 100EMA is strong support for this bear market. Earlier in the Febuary the XEM fell through support at the 5k level down to the 3.6k area. I think the XEM price can reverse course and push through the 5k level and then create the small descending trend line. There is resistance at the 5k and the 5.5k areas that need to be overcome. From the chart, it looks like the price will continue to fall to test 3k, possibly the 2.5k levels and the 100-week moving average as support. It will be a number of weeks before we see a test of the 20/50-week moving average. To accomplish this, volume needs to be above average. RSI is below 50 level. If it can rise above that level and stay there, then it will be a sign the uptrend. The MACD turned down through the nine-week moving average, a sell sign and it is still trending down, which is a negative sign. 3-Day Chart: I expect we might be seeing the formation of a minor support level at the 3.6k area. Volume remains at low. The indicators are alomost at low points where they are more likely to move up giving a buy signal. Right now the RSI is below 50, a sell sign. The MACD crossed through centerline and it turned down through its 9-day moving average giving a sell sign. While volume is below average, the market need a spike to start uptrend. 1-Day Chart: The daily price chart is a bit complicated as the RSI says the market is oversold. There is resistance at the 5.5k level and then the 20/50/100-day EMA line. Right now, volume has been trailing off, which is not a good sign for the market. Watch for above average buying volume as a sign the XEM will change the trend. Otherwise, we should expect a pull back. RSI is below 30 indicating that the coin is on the oversold territory at least 8 days. The MACD is at a low point where it normally turns up. This means we are more likely to see a spike in the near future. These are the signs that the market is oversold, yet it can continue to fall for a while. The XEM price is starting to set up a basing pattern, which is necessary before it can start a new bull market. Horizontal support at the lows and horizontal resistance at the highs form a basing pattern. This is a positive longer term and creates buying opportunities on price dips. 4-Hour Chart: The 4-Hour chart shows the pause at the 3.6k level that began in late February. The break through the 3.5k level will indicate the downward continue. The next support is at the 3.3k level, which can being tested. Average volume has been declining,this is a normal situation before the price can start rise up. RSI is below 50 indicating the downtrend. The MACD is turning up to the zero level, that can give us a buy sign. The indicators are telling us the downtrend remains in tact,though they are nearing low levels where they normally signal a uptrend. It will be important to monitor the average volume, MACD and RSI, to gain an understanding of how the trend proceeds from here. Conclusion: I want to discuss the recent news about "Coincheck NEM Hack". At first, every exchanges have closed the XEM wallet, this is mean that hackers cant sell their NEM directly at exchange to destroy the price. Secondly, if the wallet closed with mean the other XEM holders cant deposit their digital asset to exchange until the situation with the stolen XEM is not solved. So we have a limited supply of XEM at exchanges which can be used to manipulate the price on the future news. The hack is allways bad for digital assets because this is a cause of stress for investors and holders. I hope the XEM dev team will find a way to talk with hackers to back stolen funds. For me strong signs are 100EMA support at 1W TF and Oversold at 1-Day chart.
by LudwigStirner
2