XEM
XEM divergence * Higher lows on stochs
*Over sold on slow stoch
* Volume spike
* Strong long term downtrend break
NEM-XEM trading idea setting up for DecemberXEM is launching it's 2.0 version at the end of December. In large falling wedge since June on BTC chart! Obviously, the price has seen a reversal in USD based on BTC going banana's. A trend reversal can occur at any moment
( new money flowing into the market ). It has found some support at the current level. Hence I left the entry point broader. My personal opinion we will see a little more down supported by ( DMI, PHOENIX, RSI, STOCH RSI ). In general, we could set ourselves up for a good trade come end 2017- beginning 2018.
XEMNEM's VP Jeff McDonald will be speaking in FinTech Conference in Seoul on Nov 30 to Dec 1, 2017 with Google, IBM, Microsoft, and many more.
Accumulating XEMXEM (NEM) is one of my favorite projects to accumulate at the moment.
Check out their Twitter @NEMOfficial to see all the projects that are working with currently, it seems like there is progress almost daily.
Also check out their website to learn more about what XEM is. NEM.io
Great team behind them and the prices looked to have bottomed out with a change in the trend.
Setting my targets which I feel will be easily reached once whales have done accumulating and people start to take their eyes off Bitcoin.
I will save a decent amount for future growth after those three targets are reached.
If it does break lower then I will just continue to accumulate more at even cheaper prices.
Is new moontime here possible?After bigger volatility, i see here some accumulation behaviour on the chart. Only question is when the moontime come, or from which level, from now on, or from lower levels? I dont know this, noone can know this (beside pumpers of course).
LONG XEMBTC
Breakout on the downtrend
Price above SMA50
SMA5 crossed the SMA50
Waiting on confirmation with SMA10 crossing SMA50
Using the strategy posted on my previous chart it is showing around 35% profit although it should be higher because you would make the trade when it crosses and not a the the closing price.
Thanks to fskrypt for putting it into the editor!
Another wave of fools/dumb money in BTCUSD...... so here without huge fundamental info, the price probably will slide deeper (after break of the orange line). Price target for this drop is around 8cents but spikes can be of course deeper than that. Fools/dumb money jump in the last stages of pump @ BTC, some of them will dump before owned altcoins - just like XEM. It's so pathetic:)
XEMBTC - Bullish Divergence (LONG)XEMBTC is looking like it is setup for a nice Long position. There is a Bullish Divergence in the RSI that indicates a trend reversal, breaking the current line of resistance would act as a confirmation of this reversal. CCI is also pointing towards zero and may soon indicate this reversal as well. MACD indicating support for this.
As always use a trailing stop-loss to lock in profits!
XEMBTC Falling WedgeWhat I See
NEM is almost done with the correction back to level 1. Risk minimized.
Falling wedge is running out of space
Has been down-trending for 4-6 months, a breakout is near
Last swing high is very far, at 7000 sats.
NEM can move to next fib levels (color lines)
What to Do
Set buy alerts in zones where falling wedge could breakout. Use an app or Tradingview alerts.
Set buys between wedge breakout point and .236 fib level, depending on your risk appetite.
Watch for price reaction around resistance levels (orange)
Set a stop loss at the lowest resistance level or 1 fib level. I am not setting stop loss as I am long on this coin, although I do recommend you do.
Nem coin great option to invest for a long termNEM uses PoI, also known as proof-of-importance. This means that (unlike Bitcoin and Ethereum), NEM is environmentally friendly, and more secure. Unlike mining Bitcoin and Ethereum, network upkeep does not require hundreds and thousands of electricity-hogging mining machines.
A NEM node can be run on a computer as simple and cheap as a Raspberry Pi, which is only $35 and takes up very little electricity.
NEM is also superior in security. It uses EigenTrust++ for node reputation, which is not used in any other cryptocurrency, and strengthens the security of the network considerably. It also uses localized spam protection, which shuts down spammers, and only the spammers, when the network is at full capacity. Both are only found in NEM.
NEM was built with a two-tier design in mind as well. If you want a wallet, you don’t need a full node and a copy of the blockchain. Instead, you can just connect to any node, and have access to all the same features without trusting it.
The price went down in the last 3 days from 0.19 to 0.179 and it's a great moment to buy cause as you can see in the graph it shows that the volume is increasing will take time to reach $1 but can rise to 0.30 in the next 2 weeks what will increase your investment by 50% for the long term can rise by more than 5000%
XEM/USDI am sure that such a coin as XEM should grow in price. And when, if not now? We have two lines that intersect (downtrend line and uptrend line). The coin will have to decide where to go further. I'm sure that XEM will go up.
NEM: will be parabolic with a catapult?Guys, I revised the chart scaling.
Firstly, I want to say that the long-term trend line coincides with the 1x8 angle and it holds and this is a good sign.
Secondly, I see signs of the beginning of a new cycle.
I've already seen a similar chart somewhere and this is a BTC chart before he started parabolic growth.
Congrats to all in NEM/XEM, I think that you made a very successful long-term investment!
As for the bearish scenario, yes indeed such a probability exists.
Look at the chart, where you see the support below? ~10 cents, right?
What should happen with the top10 cryptocurrency to lost about half of the capitalization?
Of course in the cryptoworld anything can happen, but I personally think that such a probability is not high.
Trade at your own risk.
NEM. Very interesting chart.Very interesting chart.
perhaps there will be a reversal, and perhaps there will be a fall to 0.10.
A lot depends on which candle is next.
I will definitely update tomorrow. Perhaps earlier. Happy Trading
XEM: The next big thing in cryptocurrenciesXEM/USD sitting on a long-term support.
I personally believe that buying XEM around 16c is like buying BTC around $800.
Buy as much as you can.
Trade at your own risk!
