NEMToday I want to pay attention to the coin hem. Over the past year and a half, many projects have not survived the bear market. Problems also affected this project, they reduced the team, launched the long-awaited catapult - but not at the right time.
Now XEM is priced at the lowest price.
But I like the development strategy and the popularization of their blockchain in universities in the long run will achieve the result
Technical analysis
A falling wedge was formed. This is a reversal figure of the target when I break through the resistance line I see in the range of 1000 sat first
XEMBTC
NEM/Bitcoin (13 May) #XEM $XEM #BTC $BTCXEM has fallen a lot in the past time and now has reached the area that has the high ability to reverse.
You can accumulate from 730-750sts and sell around 1000sts. I think this is the bottom price of XEM and can hold long-term
Stoploss if price is lower than 630sts
XEM/BTC within possible descending triangle areaXem/BTC not looking so great as 200 EMA line closing in the price action and descending triangle appear.
although there a possible bounce from MACD and RSI itself is oversold as it's ready to shift into buyer side and might be retest 20 and 50 EMA in the future around 1200 sat..
Also a potential for Exaggerated Bullish divergence might occur...
1st support around 1000 satoshi area
2nd support around 850 satoshi area
1st resistance around 1200 satoshi area (20 + 50 EMA)
2nd resistance around 1400 satoshi area (200 EMA)
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
XEM / BTC Price Analysis: Stalling ProgressNEM / BTC Short-term price analysis
NEM has a bearish short-term trading bias against Bitcoin, with the XEM / BTC pair now trading below its 200-period moving average on the four-hour time frame.
The four-hour time frame is currently showing a large head and shoulders pattern, with sellers now testing the neckline of the bearish pattern.
Technical indicators on the four-hour time frame are currently mixed and providing no clear short-term trading signal.
Pattern Watch
Traders should note that the downside projection of the bearish head and shoulders pattern would take the XEM / BTC pair to a new 2019 trading low.
Relative Strength Index
The RSI indicator is bearish on the four-hour time frame and highlights that sellers are in control of the XEM / BTC pair.
MACD Indicator
The MACD indicator on the four-hour time frame is currently neutral and providing no clear trading signal.
Fundamental Analysis
NEM was able to recoup some of its losses during the first quarter of 2019, as the market responded to positive changes in the team and the overall strategy of the project.
However, after the release of the Catapult roadmap, the project has continued to trend down. Its short-term prospects will most likely depend on the overall market unless the team shows additional opportunities for the project to scale and increase adoption of its platform.
NEM / BTC Medium-term price analysis
NEM has a bearish medium-term trading bias against Bitcoin, with buyers unable to move the XEM / BTC pair above its trend defining 200-day moving average.
The daily time frame shows the presence of two bearish head and shoulders patterns. The XEM / BTC pair is currently trading below the neckline of the larger head and shoulders pattern, after bulls failed to sustain price above neckline resistance earlier this month.
Technical indicators on the daily time frame have turned bearish and continue to generate a sell signal.
XEM / USD Daily Chart by TradingView
Pattern Watch
Traders should note that the overall downside target of the larger head and shoulders pattern on the daily time frame would take the XEM / BTC pair to a new all-time trading low.
Relative Strength Index
The RSI indicator on the daily time frame is bearish and shows scope for further losses.
MACD Indicator
The MACD Indicator has turned bearish on the daily time, with the MACD signal line issuing a sell signal.
Fundamental Analysis
The medium-term prospects of the project will highly depend on the team’s ability to promote use cases for NEM. The launch of Catapult, which is planned for the end of Q3 – early Q4, could generate new interest in the project in the lead to the release.
Conclusion
NEM has an increasingly bearish outlook against Bitcoin, with both time horizons currently showing bearish head and shoulders patterns.
If bulls fail to take control of price-action in the near-term, the NEM / BTC pair is at serious risk of falling to a new all-time trading low.
xembtc binance signalBINANCE:XEMBTC
#SIGNAL
#BINANCE
#XEM/BTC
ENTRY ~ 1231 - 1222
TP1 1262
TP2 1278
TP3 1321
TP4 1351
SL 1204
TIME: 1 - 24H
NEM Trade Update [XEMBTC](100% Profits Potential)Welcome to this updated analysis on XEMBTC Let's get right to it!
Would be equivalent to a rise of 100% Therefore, if 0.00001309 can hold support line
if this bullish roll in, maybe XEMBTC will break resistance and reach 0.00001309 bullish flag projection.
A breakout above the trend line would cause XEMBTC to rally to about 100%
XEMBTC Targets:
0.00001248
0.00001309
0.00001497
Avoid loss by not going low 0.00001000
TRANSPARENCY Strategy
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XEM - FINALLY SOMETHINGIt seems this could be its first awakening after a long long sleep..
Almost all alts already did some nice movements or still working on that right now.
Whilst the NEM is that one from plenty of them without substantial move, up until now.
There is scheduled conference Money 20/20 in six days. It's like enough we could hear about some good news.
But what about TA ? What does it want to tell us?
MAs -> bullish
Momentum -> bullish
Volume -> good
ATR -> green
Have a good time!
XEMBTC 4HXEM's move in the past, will it be again.. Conditions seem appropriate, let's see.
Be careful, break a leg!!
[ENGLISH] XEM on its way to higher highs! Let's go in!XEM is making a correction on what looks like a long way to higher highs. We want to take advantage of this correction and make a good entry. If the price falls below our buy order, we have good areas to make additional purchases and thus averaging the purchase price and still get good profits.
Order Information
Buy 0.00001406
Sell 0.00001438 - 0.00001481
Earnings 2.28% - 5.33%
1 Day Graph. Upward trend:
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Update on $XEM, potential ascending triangle as continuation of
UCTS Buy signal active (10+%)
RSI & MACD rising
Crossed above EMA50 with sucessful retest
Crossing Ichi
Breaking above current resistance with volume should lead #XEM to ~1500 sats target.. =)
Crypto market is not gving upHave you noticed about the big support that this trendline from 2015? Should we see 6k levels again soon? You never knows but things looks good in April. I doubt that Bitcoin could go to 6k, but if Bitcoin continue growing you´ll see a really crazy month.
Now we have to break the resistance in the big triangle in Bitcoin formed from December 15th. If that triangle breakout with strength, be ready for a bull month.
NEM (XEMBTC) Prints Bullish Divergence (90% PP)NEM Had a strong crash recently and its price dropped hard. I've been getting messages asking me to take a look at it... Here I AM.
We have several signals that are pointing to XEMBTC finding support, with the strongest one being the bullish divergence marked on the MACD and chart (red line).
Additional signals bullish:
XEMBTC is trading near the lower band of the Bollinger Bands.
RSI is massively oversold.
Good volume building up (check the 4H time frame).
Targets and stop loss can be seen on the chart.
Conditions for change: A break and close below 0.00000997 would invalidate the above signals.
Thanks a lot for reading.
Namaste.
Trying to stop falling after the "we are broke" news...$XEM Trying to stop falling after the "we are broke" news.
Currently breaking without volume(Warning) the descending channel.
MACD Looks bullish, RSI rising from oversold levels...
We can see a symmetrical triangle that can help to identify the breakout.. Set Alerts and wait. #XEM
Also on the 12h chart we can see a gartley pattern signaling some bullish movements but again no volume.
UCTS not showing signals on the daily.
I will update as soon as I see changes. $XEM
XEM next breakout coming soon TIP I just picked up some XEM due to many reasons, however it is recovered from its last move up. Indicators show a small move down before a continuation upwards.
Green marks entry
Red marks exit
SL 10% from entry
XEMBTC updateXEM breakout bearish resistance a few hour after we post our idea.
at previous idea we have 1230% profit projection for long term,
in this post, we try to find lower target for intraday setup.
Right now, XEM still try to break bullish confirmation level at 1215. Success breakout will trigger bullish wave with 52% profit projection at 1633
But if it failed, price will back to 1074 support line (I put another pending buy order at that level)
*If you agree with this analysis, let me know by click "like"
Previous analysis :
Major change in market for XEMAfter the bears being given the opportunity to control the market for months. The bulls are finally awake and hungry to look for an opportunity to take away that ability to control the market from the bears.
After a month-long downtrend and a heavy spike down in prices, an ascending triangle is forming with the prices of XEM finally breaking through the month-long downtrend resistance.
Traders could look to take a long position now with the prices of XEM being slightly below the support of the ascending triangle. Indicating that it is oversold and prices are expected to make a major change as it goes long
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XEM-BTC Long Trade PlanCommodity : NEM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 5% to 14%
Prospective Loss : 2%
RRR : SL to TP1 is 1.9, SL to TP2 is 2.97, SL to TP3 is 4.31 and SL to TP4 is 5.41
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)