There is a possibility for the beginning of an uptrend in XEMUSDTechnical analysis:
. NEM/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.1053 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1053)
Ending of entry zone (0.0634)
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 the 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= @ 0.1431
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4390
TP7= @ 0.4958
TP8= @ 0.6540
TP9= @ 0.7450
TP10= 0.9466
TP11= 1.1487
TP12= 1.4356
TP13= 1.8013
TP14= Free
Nemusd
Near pricing a High. Short on Resistance.The pattern transformation from the 1W Channel Down (MACD = -0.080, Highs/Lows = -0.0417, B/BP = -0.1109) to the 1D Falling Wedge (RSI = 43.716, MACD = -0.010) was successful on XEMUSD and the price is now rising towards a 0.12059545 High. Short TP remains 0.060.
About to undergo a pattern change. Still short.XEMUSD is extending its losses on a long term bearish 1W Channel Down (RSI = 36.144, oversold on STOCHRSI, Williams, Ultimate Oscillator). However it may undergo a formation change to a 1D Falling Wedge (blue lines) if 0.1069 is crossed now. Still it is limited to a 0.12060 maximum, so we remain short with TP = 0.060.
Target hit. Channel Down continuation. Short.TP = 0.12059 hit as XEMUSD broke the Falling Wedge to the downside and appears to be extending eventually the commanding trend of the 1D Channel Down (RSI = 26.153, ADX = 74.761). XEMUSD is near 12 month lows hence the low pace (MACD = -0.016, Highs/Lows = -0.0192, B/BP = -0.0408), indicating that a bottom (short/ medium term) may be near. If 0.08810603 breaks we will resume shorting (TP = 0.060).
NEM/XEM TO REPEAT CYCLE WITH 450% ? - MThis is a medium term trade since we are near our demand zone. Chart is self explanatory as always. If you're a member you will be receiving updates on this trade privately. If you follow me, partial updates will be available.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
There is a possibility for the beginning of uptrend in XEMUSDTechnical analysis:
. NEM/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 55.
. The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (0.1860 to 0.1380). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1860)
Ending of entry zone (0.1380)
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= @ 0.2765
TP2= @ 0.3686
TP3= @ 0.4390
TP4= @ 0.5305
TP5= @ 0.6540
TP6= @ 0.7730
TP7= @ 0.9680
TP8= @ 1.1647
TP9= @ 1.1429
TP10= @ 1.7987
TP11= Free
Crypto Challenge - NEM alertNem caught me by surprise here. There was a false breakout and then quite a spike back above the alert but I don't have conviction to take the trade so I don't. I don't want to start chasing it now. Might get a small retracement back to support. I use Heikin Ashi candles in my trading method as the default but I can also look at normal candles as well to see a different perspective. The market action is very undecided at the moment.
Only two open trades in the challenge demo which are XLM and TRX.
A long-term trading opportunity to buy for NEMUSD !Technical analysis:
.NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.298)
.Ending of entry zone (0.195)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.439
TP2= @ 0.655
TP3= @ 0.850
TP4= @ 1.169
TP5= @ 2.147
TP6= Free
A long-term trading opportunity to buy for NEMUSD !Technical analysis:
.NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.298)
.Ending of entry zone (0.195)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.439
TP2= @ 0.655
TP3= @ 0.850
TP4= @ 1.169
TP5= @ 2.147
TP6= Free
NEM alertMy NEM alert went off but again this is against my anti chasing rule. I will show when I get a valid setup on a crypto on my watch list. I might do a demo account for a short time to show how my method works. I don't like to trade demo too long because it can interfere with my real trading.
March : Bullish Accumulating Month for XEMFA :
- First of all a proved-itself coin for years, not a shitcoin.
- 20 exchanges you can trade XEM. In this month it will be 21.
- Top 20 coin on total market cap.
- At least 1 event on every month till summer.
TA :
+ Correction is over.
+ Holding on the bullish support.
+ Moving averages are still bullish. (Green line : 50MA, Brown line : 100MA, Purple line : 200MA)
+ RSI is bullish too.
+ Very oversold in last month, it will be bought in this month.
+ Just gave bullish reversal sign yesterday on XEMBTC chart.
+ Whole cryptocurrency market is recovering.
MACD and Volume are not satisfying but already dipped and possible to get normal & bullish. Looks like it will go into a horizontal congestion trend which is a buy-zone in March.
Targets : Fib levels.
Stoploss : 0.30 USD.
Time : April & May. Also possible to make a breakout in March.
Good luck Do your own research.
Please comment if I have mistakes.
$NEM Nearing BottomAfter all the FUD begins to settle we will be seeing continuation.
We just finished the ABC retrace out of the previous market cycle and landed back on support of the 1 wave.
This is a classic .88% retrace which is familiar inside altcoins.
Oversold on the 12hr RSI.
We need to see how prices react to the .88 but overall im bullish.
If we fall lower than the .88 a full retrace will be likely.
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.
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
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
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/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