Get started

XEM

Elliot waves for XEM fiat pairs.My latest counting for XEMUSD and XEMJPY, must be corrected, according to principles of Elliots Waves Theory. I know that many say, that it not works in crypto or forex or even elswere. For me this theory works, but is very hard to implement in daily trading, and deliver too many possibilities of counting, that often lead to losses on market. But i try to publish my works here, and will be very glad if someone with experience in Elliots Theory help me to determine if my counting is correct.
HITBTC:XEMUSD
by ormin79
NEM (XEM) - Trend Reversal??So Bitcoin's massive run pretty much ruined my idea of a big cup & handle. But I'm pretty sure it ruined most charts for long term projection, so is life in crypto. In the short term, BTC may correct and I see NEM getting back in shape. This could be a very nice buy opportunity as NEM is very near it's previous floor and alts are now negatively correlated with BTC. The last major drop, alts were positively correlated. If you want to be a little riskier in the buy, wait for the drop down to resistance. I've already purchased though as I don't believe it will get there and it's not that great a savings. In this chart, I'm mostly paying attention to support and resistance from a previous trend line. The RSI indicator is diverging from price action, which often signals a reversal in trend. Let's see what happens. Regardless, I'm buying NEM on the cheap now.
Long
by dctobkk
NEM (XEM) - Update for next 1-2 weeksHere's an update for NEM on a more short term outlook from my previous chart. I had previously posted a chart which was projecting a massive cup & handle which could take another couple of months to resolve before the big break out. In this chart, I'm looking at the short term future of the next week or two which I believe is overall bullish. Slight pull pack today so far which has bounced up again. Here I've plotted some a couple of triangles which represent the long term trend as well as a sharp uptrend for the past week. EMA have crossed over bullish and had you bought on the crossover, you would have caught a nice upswing. MACD crossed over a week before. With the EMA crossover plus price action breaking above both EMAs, we had a triple confirm for buy at a really nice entry point. EMA are now acting as support and are riding along the trend line nicely. Some resistance zones to note which should stall the uptrend here and there. Regardless, I believe NEM is still a good buy for short or long term. More details on why I am holding long term are on my previous chart. Good luck!
Short
by dctobkk
2