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XEM

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
BITTREX:XEMUSDLong
by ForecastCity
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
BITTREX:XEMUSDLong
by ForecastCity
2
XEM - get ready for the RALLYHey guys, This time i'm taking a look at XEM. As with most altcoins,this seems to be resting at the very bottom of the white line of the triangle,that's been confirmed at least 5 times. Problem is,we were in the same situation with the green-triangle support line that we broke under.We still lack the volume necessary to get this growing. How to trade: My advice would be to wait and see.A breakout out of this triangle would imply the appearance of a Golden Cross,which is one of the clearest signals in technical analysis,once it's confirmed. (Golden cross= a bullish breakout pattern formed from a crossover involving a price's short-term moving average breaking above its long-term moving average >>>In our case,200MA crossing under 30 and 50 MA<<< ) You can use the ''Blockfolio'' mobile app to set some alerts on the price,in order not to miss out this potential opportunity. Chances are,break out of this triangle UPWARD ,so if you really want to get into this trade now, you can buy and set a stop-loss at the 2389 satoshi line ,just to be sure you have your funds protected. As always,i hope everything plays out according to plan,so that we all get to benefit from this. Cheers!
Long
by The_Sparrow
XEM have bounce from intresting area.Logarithmic, daily chart, and dotted trendline (based on daily closings) worked here well out. But this of course does not guarantee, that this dip was the last one. It is however worth to show. We must remember that real XEM trade began little earlier than in April 2015. It was in October 2014, when XEMs stakes (2.250.000XEMs each) were traded on Nextcoin Asset Exchange (or something like that i dont remember how it was called). So the starting point is in this month (October 2014). There was some small divergence in case of RSI14 (daily) indicator, but for me is to small, to say that this dip was the last one. Maybe good idea is to wait for some dumps under 14cents to catch much larger divergence in the nearest future. But of course each trader should judge himself, where is suitable moment to jump in here. I own 80.000XEMs and can live without any more, but in case of new dips i will look closely if this will be good opportunity to tank some more to the main stack. In case of 4h chart we had here beautiful double bottom formation with divergence @RSI14 too. The same, but without double bottom @ XEMBTC pair:
BITTREX:XEMUSD
by orminlange
With some chance for trend reversal from BTC side...I have now 1BTC for 6320$ and set pending order to buy XEMs for 0.1BTC @ 1900sat level ( total cost in USD terms will be 12cents = 0.000019x6320), and another one chunk for 0.1BTC @1000sat (real cost 6.32cents for each XEM). I am also prepared for bearish scenario to load more XEMs if it will visit somehow 3cents level (in pair XEMUSD - for now it looks impossible but spikes down are welcome by me), see also Target is to hold longterm (when XEM will reach marketcap around 50bln$ or more) Not a trading advice!
by orminlange
Sorry NEMbut this downward move can be stoped only in minimun 3-4cents area. I'am very "sorry" (in fact i'am glad because of incoming load of cheap XEMs from losers - welcome to the jungle), i dont wait even for 18, 16, 13, 10 cents. I want have it CHEAP!:) Of course there should be some bounces from mentioned levels like 10 cents, but You know - this market is sheeps market. Sheeps must be slaughtered before new bubble somewhere in the future. In XEMBTC chart XEM should visit 800-1000sat area (with some bounce from 1800sat).
HITBTC:XEMUSD
by orminlange
7
There are 3 waves...instead of 5 waves from EWT. From my expierience Elliot's principles are the mind killer. The market wavings behaviour is simple, especially in so young market as cryptosphere. In my countings ( i show only part of counting on weekly chart, there are many inner 3-waves moves on lower timeframes - there's not so much space to show this smaller waves on weekly chart). My principles are: 1. Wave A must be corrected by the wave B by minimum 38.2 Fibo (maximum 100%). Wave C should be minimum 61.8 of Fibo length in comparison to wave A (there is no maximum - wave B can be i.e. 4.618 Fibo, or 10x much longer or 100x - whatever lenght it have, must also consists in it 3-wave structure). What is with WXYXZ structures from EWT? There's no structures like this, it's illuson - waves like this can be described by only ABC structure. That's my theory in nutshell, but it is only theory - basically useful only for counting waves after some time. This theory - like EWT gives no 100% answers where to buy or where to sell. It let's me only build my price expectations - like on this chart above. I want cheap XEMs from market;) Maybe i will not get it, but dumps are welcome. NEM is longterm gem (in my personal point of view).
by orminlange
NEM Rejecting Second SupportSince the end of April NEM has corrected down strongly, while it moved from $0.45, down to $0.22. At $0.22 it found the support at 88.6% Fibonacci retracement level that has been rejected. Following wave up resulting in a growth towards $0.27 and then a small correctional wave down.  On a correction NEM/USD yet again found the support at 61.8% Fibs, that is $0.24, and at the same time bounce off the upper trendline of the broken descending channel. The rejection of two supports could mean that trend is slowly starting to reverse to the upside, targeting $0.4 level, which is 76.4% Fibs. The downtrend could only continue if NEM will break and close below $0.22. In that case a potential double bottom formation near $0.2 could take place.
POLONIEX:XEMUSDLong
by CryptoPAMM
1