XEM Possible Comeback & Takeover!#NEM is one of the classic "dinosaur" cryptocurrencies. I previously analyzed it and expected further decline, but my analysis was incorrect.
As long as it stays above $0.0147, I believe it has the potential to keep rising. Passing $0.0625 would possibly target a new ATH.
#XEM
XEM
NEM (XEM)One of the oldest pioneers of the cryptocurrency industry; NEM. I don't know if the team or the project is dead, or they might start work on it again. There are not much news about the project. However, the coin, NEM, has a beautiful technical analysis and of course if you look at the beginning of the chart the price of NEM skyrocketed. The question is, can it repeat such soaring again? Even half of that would be amazing. Only time can tell. Let's see what happens.
ADA Caution!Considering cycle theories and assuming Altcoins - especially those from 2015-2017 - could be in different corrective phases than Bitcoin, investors could be in a big surprise for the next upcoming months. While Bitcoin is potentially in its last cycle (retail wave 5) before its first major correction, the older Altcoins are still in their wave 2 which results in a long exhaustive ABC phase and often corrects more than 50% of the first impulsive wave which would also coincide with the 1.618 Fib.
This would mean that alt-season - for the older big coins - is not here yet. Regarding their meteoric rises after more than 10k% the fundamentals need to catch up to overvalued prices, which takes time.
A lot of people are confused and complaining about the "blue chip coins" not going up, especially Cardano, while Market Makers play the long game and suppress Altcoin prices artificially, simply keeping them in a big trading range and in corrective mode till their first cycle ends and the next begins.
ADA e.g. shows striking resemblance to NEM (XEM) with a similar corrective structure and sits on long time life support. The more it pokes on it the more it's gonna get dangerous for the next breakdown to the 0.10-0.20$ region.
XEM looks bullishXEM appears to be inside a large diametric, with the D wave being a triangle.
We now seem to be at the end of wave D and will soon enter bullish wave E.
Wave E of this diametric is a bullish wave.
If the price returns to the green range, we will look for buy/long positions
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XEMUSD 1WXEM ~ 1W 📈
#XEM Make purchases gradually from here. We estimate that this resistance will be broken in the near future. minimum target 20%++
XEM has broken above the Uptrend channelXEM has broken above the Uptrend channel. the trend is supposed to continue.
🔵Entry Zone 0.03724 - 0.03854
🔴SL 0.03495
🟢TP1 0.03991
🟢TP2 0.04250
🟢TP3 0.04735
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XEM Starting to breakout Ascending TriangleThe ADX Has Bottomed out showing we're soon to start rising and find strength in the upcoming Trend as well as currently Oscillators are traditionally performing better.
The MACD has recently signaled a buy and we're cruising above the signal line.
We're forming an ascending triangle with the price target taking us close to the next fib line more importantly running that 50 period moving average to form a golden cross more than likely forming a new more volatile uptrend!
Watch XEM Y'all
Fib Ranges have it running between 100-400%
XEM/NEM is starting a huge uptrend. 1500% profit this yearXEM is currently breaking out of the huge downtrend on the weekly chart. We always need to take a look at the volume indicator, and the bullish volume is really huge, which confirms my idea. The downtrend ended with a descending parallel channel and a WXYXZ complex Elliott Wave corrective pattern. We have three key resistances on the weekly chart. XEM Needs to be strong enough to break them. It is up to you which profit target you choose; on the chart, you can see three profit targets. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What is NEM?
NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java.
NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram.
In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
XEMUSDT Potential 25% to 100% UpswiningXEMUSDT has showcased a commendable adherence to the support area, followed by a robust bounce off the average-price uptrend trendline. A buy signal shared in our channel about a week ago has already yielded profitable results, with an imminent upside potential.
While our initial upside target is within reach, the price surge over the upcoming weeks could be substantial, ranging anywhere between 25% to 100%. It's advisable to closely monitor this opportunity as it unfolds.
XEMPopped on my breakout finder
📈 *Symbol*: `XEM/USDT`
✅ *Qualification*: All MAs within 1% of MA7.
💰 *Market Cap*: `$314,594,092.89`
I'm noticing on the day the adx crossed below a level it never has and when it did the MACD signaled a Buy
With ADX When it's going upward that means trend following indicators work best
when its going down we use things like oscilators
MACD being an ocsilator pinged a buy and we're starting to uptrend. We also had a nice bounce of the .318 fib along with another breakout and swing low back tot the .5 fib showing a health upward trend as you see how volatility has completely dropped thats what the breakout/breakdown finder looks for tokens like that
XEM/USDT Ready for Potential Bull Rush?🚀👀 XEM Analysis💎 Paradisers, get ready for a dynamic trading opportunity with XEMUSDT. The asset is demonstrating significant activity within the demand zone, suggesting an impending shift towards an upward trend.
💎 NEM has been following a trading channel pattern with precision. Its recent breakout from this channel signals a potential rise towards a resistance level, then a rapid pullback, in keeping with its usual market behavior.
💎 There's a considerable chance for a bullish trend to initiate from the support level at around $0.0351. With XEM having effectively ascended from the trading channel, it's now targeting resistance levels near $0.0436.
💎 Strategic timing is essential for insightful Paradisers. It's crucial to pinpoint the most favorable entry points during this upward trajectory and to remain cautious about entering at the height of the trend.
💎 Caution is advised, as there's a risk of XEM descending below the support level of $0.0339. A decline below this significant threshold could raise concerns about the sustainability of the upward trend.
XEM/USDT - NEM: Trend Reversal◳◱ On the $XEM/ CRYPTOCAP:USDT chart, the Trend Reversal pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.04344 | 0.05071 | 0.06368 and support near 0.03047 | 0.02477 | 0.0118. Entering trades at 0.03628 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: NEM
▣ Rank: 136
▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Bittrex
▣ Category/Sector: Infrastructure - Smart Contract Platforms
▣ Overview: NEM is a smart contracts platform focused on high performance and enterprise solutions.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.03628 ₮
▣ 24HVol: 1,084,102.705 ₮
▣ 24H Chng: 1.397%
▣ 7-Days Chng: 0.44%
▣ 1-Month Chng: 34.78%
▣ 3-Months Chng: 46.24%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.04344 | 0.05071 | 0.06368
◢ Support: 0.03047 | 0.02477 | 0.0118
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 8.04
▣ Last 90D: 3.58
▣ Last 1-Y: 0.50
▣ Last 3-Y: 0.15
◲◰ Volatility :
▣ Last 30D: 0.51
▣ Last 90D: 0.45
▣ Last 1-Y: 0.74
▣ Last 3-Y: 1.11
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.51 - Bullish
▣ Reddit sentiment score is 0.41 - Bearish
▣ In-depth XEMUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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XEM/USDT potential shift? 👀 🚀 XEM Today Analysis💎 Paradisers gear up for an intriguing prospect with XEMUSDT. Following its recent dip, we're observing a revival of bullish energy.
💎Historically, XEM has showcased a pattern of trading within a defined range, consistently adhering to particular support and resistance thresholds. There have been instances of deceptive breakouts and liquidity captures.
💎Presently, the coin is anchored firmly at the 0.2516 support level. Our analysis leans towards its potential to approach and possibly challenge the resistance in the upcoming sessions.
💎 However, a word of caution: should XEMUSDT's price fall below the 0.2516 threshold, a bearish trend might be on the horizon. As always, approach your trades with informed strategy.
💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights
Xem building up For Breakout Finally Xem Looks Ready For Massive breakout Formed Falling Wedge In 3 Days Tf Incase Of breakout Expecting 200 to 220% bullish Wave In Midterm
Xem Forming Descending Channel Seems Like Getting ready For Massive Breakout
Formed Descending channel Incase Of breakout Expecting 200 to 220% bullish move Keep Eyes On for Massive breakout
XEM : INCREASEXEM can show coming time an increase trend.
We will follow it to see if it's able to confirm the uptrend.
XEMUSDT - SHORT and LONG setup.XEMUSDT - NEM
SHORT - after crazy pump into the Fib 0.382 Retracement and
fall back under the key level while taking liquidity from the previous double top.
LONG after a massive fall right into the intersection
between the middle of the downsloping channel and the new rising channel exactly at Fib 0.886 Retracement.
TP1 & TP2 secured letting rest ride.
BUY XEM IF IT REACHES THIS AREAHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the XEM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Breakout soonAfter the recent jump xem is following a falling wedge pattern which is a bullish sign.. sone it will touch new highs