NEM (XEMBTC) Is Getting Ready For Action (Analysis)Have you looked at NEM (XEMBTC) lately? The charts are looking pretty good.
Let me show you some signals that I am getting from the daily chart:
We have increasing bull volume.
Strong bullish divergence MACD.
Bullish RSI / uptrend.
New formed uptrend.
Trading above EMA10 and breaking EMA50.
What is most interesting to me is the weekly chart. Here, take a look, a picture is worth a thousand words...
The chart is self explanatory... I hope you like it.
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XEM
Analytics XEM/BTCAn old project with its own blockchain, offering functionality for creating decentralized business solutions.
A distinctive feature is that the coin slowly reacts to the movements of Bitcoin, and sometimes goes against it.
Currently it’s a good time to buy an asset for the long term. On the daily chart we see an uptrend, the rate is unlikely to fall below 0.00001503. Comfortable entry point is within 0.00001542-0.00001551, in addition, it’s a strong consolidation zone. A powerful resistance level is at the level of 0.00001770-0.00001780, which will not be easy to break through.
During the day, you can trade both on short and long positions (when opening short, you must set close stop losses). Daily volatility is in the range 6-11%.
The chart is distinguished by clear and readable corridors, so trading, based on technical analysis, is quite simple.
The coin has been purchased in portfolios since the beginning of August. In addition, it did not beat last year minimum. The above gives reason to believe that this asset is good for both intraday trading and long-term investments.
Slight upper break-out quickly sold off. Still bearish.The Falling Wedge bands on XEMUSD have been slightly broken upwards on a 1D spike that reached 0.1166 but was quickly sold back to even lower that yesterday's levels. This level (0.1166) is also a 0.786 Fibonacci retrace, and probably the reason for the strong selling. There are two bearish possibilities created form this event: the more slow paced 1D Channel Down (faded channel, RSI, Williams, Highs/Lows neutral) or the more aggressive 4H Channel Down. Both still point to our TP = 0.060.
NEM (XEM/USD) Is Technically Good Compared To Other AltcoinsCurrently, NEM' trading on the channel. It has been respecting those channel trendlines and it has made pretty good profit opportunities.
After BTC' breakout from the triangle downwards, XEM' has also come down pretty quickly but it is still on the channel and it has still an opportunity to make the higher low. At the moment, the price is a very strong support area, support criteria:
1. The round number $0.1, which works as a support
2. EMA 200 is exactly on the $0.1 and it works also as a support
3. The Fibonacci golden ratio 62% matching with the criteria mentioned above
4. Plus if we drop just a little bit lower then there is the 50 & 100 EMA's and the channel bottom trendline.
So, currently, we think that if we see a break and close below the round number then it's a first sign that we might go downwards and the full bearish confirmation would be then when we see a candle close below the trendline.
If BTC' finds the support from the current level at $6,460 then NEM' has technically a very good platform to go higher levels and if it happens it makes a new higher low but yes, as we've said, all depends on what Bitcoin' does.
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
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#XEM can move higher#XEM
After the received momentum can be corrected, but this bullish breakthrough indicates the desire of the market to continue to form an upward movement. If this is not a false breakout ("bull trap") and, obtained at a lower level, support will keep the market pressure, then XEM has good chances to move higher.
XEM prospective long-term investment#NEM
If you open a weekly chart, you can notice the huge oversold of this market. At the moment the price is at its minimum levels, where a new wave of growth can start to form. There is a good opportunity to start opening long-term investments, but one should take into account the possibility of lateral movement and fluctuations in the near future, which will make it possible to buy lower. Always use money management and risk control. In general, NEM has great potential, excellent technology and great popularity in Asian markets, which in the future will not leave a coin for its minimum values. Based on the schedule, the market is ready to form the ground for the upward movement by the end of the year, after which it can get another impulsive breakthrough with target areas near Fib resistances, the result of this scenario will be a profit from + 270% to + 800%
Falling Wedge intact. Slow descend towards 0.060.XEMUSD has made another Lower High on the 1W Falling Wedge (RSI = 36.374, MACD = -0.081, Highs/Lows = -0.0262, B/BP = -0.0796) staying bearish on the long term but neutral on the short term (1D RSI = 45.270, Williams = -53.449, CCI = -0.6358, Highs/Lows = 0.0000). This should create a consolidation phase within a 0.07855 - 0.1040 Rectangle until 0.7800 breaks. Our TP is intact at 0.060.
XEMUSD: looks perfectNEM. Newcomers don't know much about it, but actually it the one of the most developed projects out there. The fact that the price is so low now doesn't mean anything, crypto is so much speculative. The thing is at the moment NEM is traded around its global support level. Of course, it could fall to an even deeper level. But! It has a very long sideways trading around the bottom, which makes me extremely bullish long-term and even middle-term.
Not a financial advice.
XEMBTC Daily Chart with Fibonacci RetracementsDaily Chart Via Binance on XEMBTC
Looks like a good time to load up on NEM for 2019. Watching for a move to $1 from .10 cents
coinmarketcap.com
$0.101208 USD (4.07%)
0.00001515 BTC (4.66%)
Market Cap
$910,870,627 USD
136,310 BTC
Volume (24h)
$11,779,534 USD
1,763 BTC
Circulating Supply
8,999,999,999 XEM
XEM - The return of a trend or start a strong bearish trendXEM - The return of a trend or start a strong bearish trend
We are going in the quickest and strongest trading days since the beginning of September, in the face of the market's appreciation efforts, the cheer signals from the pump price, let's not forget the downtrend. Not finished to set the right trading strategies.
As a typical example, she's seen, as you have seen the potential price range we set her target to be x2, but you have to weigh in between x2 and divide 6 accounts into strategic hold or sell altcoin many billion coin.
Successfully complete the transaction, do not forget the feeback, comment and most like to give us more motivation to work offline!
Thanks all! From Team Trade +
XEM been SLEEPIN, and ready to launch. Just waitXEMBTC on Bittrex shows the History of its booming capabilities.
This is looking like an ideal buy right here. history shows it does mega pumps once it reaches these lows.
Dont say i didnt warn you.
TIme table is subjective to change but look for next spring ~March 2019 -- April 2019 for the fireworks to have really shown its true colors
Shortterm waves.Looks like impulse (12345) correction (a=c) and now realisation of triangles and maybe little more;)
Channel Down intact. Steady decline to wards the target. Short.XEMUSD is on a very stable decline on the 4H Channel Down with 1D (RSI = 38.196) calling for a new Lower Low at 0.0716. 1W is still applying significant selling pressure (MACD = -0.080, Highs/Lows = -0.0359, B/BP = -0.1047) and we remain dedicated to our ultimate TP = 0.060.
a = c...= my entry again (@8.8cent). If we only can get in this case info similar to Ripple, skyrocketing could be intresting. Without that i hope for small bounce (20cents).
Not trading advice!
$XEM buy.lmao.. bit more risky cuz -50% down of the current value theres low volume.. but bullish divergence everywhere.
Two ermanometric triangles...showing here the same possible reversal week 24-30 September. Ermanometry in case of XEM does not work however so precise in comparison to BTCUSD weekly chart (after all time high made by Bitcoin - before that time ermanometric calculations seem not to work properly). But XEMBTC chart suggests possible nearing of ending this bear market here. Some spike up should be drawed by market forces here. The only question is when.
Channel Down continuation within the 1W Falling Wedge. Bearish.As expected the consolidation around 0.1000 broke downwards and a new very aggressive 4H Channel Down (oversold RSI = 21.923, STOCHRSI = 0, Williams = -98.798, Ultimate Oscillator = 21.489) has emerged. This is still trading within the wider 1W Falling Wedge pattern (MACD = -0.080, Highs/Lows = -0.0498, B/BP = -0.1070). Our ultimate TP is still 0.060 but if 0.055 breaks, then the Falling Wedge is crossed to the downside and a very aggressive bearish sequence will commence for XEMUSD. Updates will follow to cover this scenario.
Lower High made. Resistance intact. Short.XEMUSD made the expected Lower High on the 1W Falling Wedge (RSI = 36.593, MACD = -0.079, Highs/Lows = -0.0414, B/BP = -0.0862), though a little higher than our projected 0.12059545 figure. However it provided an even more comfortable short entry for our ultimate TP = 0.060. The goal for 1D is to sustain the current bearish momentum (STOCHRSI = 28.472, Williams = -78.631) and stay below 0.1149.
Situation and my stance update (BTC, XEM and whole cryptosphere)I have sold all XEMs taken @ 10 cents (very limited loss from my side in this case only few percent). Situation of wide cryptomarket is strange form me. All is cheap, but it looks like could be cheaper. So i choose one more time to stay aside, and even if i buy some crypto, that will be probably very shortterm entry to catch some shortlasting bump. 6000$ BTCUSD is crucial for now. You know probably what dump it will cause in case of whole cryptomarket. With Succesful attack @7300 (daily basis) i may change my stance - to little more optimistic. From my point of view however this autumn should give here only limited oportunities to profitable entries (and shortlasting in nature). I am afraid that bubble like in 2017 will be possible in 2021 (Combined with last euphoria in case of world stock markets - they will end with spectacular crash of all assets, together with fiat money/dollar and even overpumped cryptocoins in this last bubble). But that point of view is not taken from technical analysis or researched by me ermanometry, so do not use it of course in Your investing activities.
In case of XEMUSD my pending orders are now situated @ 6, 4, 3, 2 and 1.5 cents (with growing structure of percentage given for one level in fiat money throwed in)
For Bitcoin i have no pending orders now.
This is not trading advice!
