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.
Please like, share, comment & follow. & Get ready to earn.
Namaste.
XEMBTC
XEMBTC- Descending Triangle BINANCE:XEMBTC
After breaking the 1500 resistance price tested the 1660 resistance and has retraced to 0.618 fib level Fib level has been holding and a descending triangle has formed (4H Chart)
30 min Chart showing bullish rsi divergence We could see a potential breakout.
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.
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!
If You want to get the deeper analysis and the latest crypto-news then please visit our site, the link is on the profile (u.today)!
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Best regards!
NEM Price on the Rise Due to Name Service PartnershipNEM (XEM) price has been on quite a rally the past day, gaining almost 10% in the past 24 hours. This is mostly due to the partnership with Portal Network regarding a name service that will be introduced to NEM.
Using Fib retracements we can see some key inflection points for XEM. When the price will touch these levels, more likely than not there will be some movement.
Those key points are:
Supports at: $0.101, $0.095, and $0.089
Resistance at: $0.107, $0.115, and $0.125
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 +
XEMBTC is strong buy at this low rate, 750% PotentialNEM (XEM)
Rank on Coinmarketcap - 18
Market Cap - $901,749,602 USD = 133,579 BTC
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RSI @ 33
ATH 13750
Current 1534
Buy at CMP or place order around 1400
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TP1=2369
TP2=3077
TP3=4606
TP4=7588
TP5=ATH
Stop loss- If daily candle close below 1300
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Trade at own risk
XEM/BTC Next WaveI know may be some of you think lm a crazy bcause this setup but l use this setup with technical analysis l dont have enough news for XEM for now but l have 2 news and 1 hot news prntscr.com
Buy
1350-1300
Buy Back
700-500
Sell
3157
4800
6315
7400
10000
11784
dont worry l will make short term setup for XEM too you can follow my account and get notif
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.
There is a possibility for the beginning of an uptrend in XEMBTCTechnical analysis:
. NEM/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001490 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001490)
Ending of entry zone (0.00001200)
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 the 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= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003880
TP5= @ 0.00004760
TP6= @ 0.00005400
TP7= @ 0.00006640
TP8= @ 0.00008610
TP9= @ 0.00009630
TP10= @ 0.00011880
TP11= Free
There is a possibility for the beginning of an uptrend in XEMBTCTechnical analysis:
. NEM/BITCOIN is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001490 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001490)
Ending of entry zone (0.00001200)
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 the 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= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003880
TP5= @ 0.00004760
TP6= @ 0.00005400
TP7= @ 0.00006640
TP8= @ 0.00008610
TP9= @ 0.00009630
TP10= @ 0.00011880
TP11= Free
[XEM/BTC] NEM COULD BREAK HIGH SOON [ X2-X4 POTENTIAL PROFIT]#XEM / BTC ( Binance, Bittrex, Poloniex )
Buy Range : 0.00001500
Stop Loss : Not recommend
Target 1 : 3243
Target 2 : 5500
Target 3 : 7000
WEEKLY CHART
- SAR still negative but any pump/good performance on 4h/daily chart can swap this into positive ( Neutral )
- RSI touched oversold zone and that's a good point to buy for hold ( Positive )
4H CHART
- RSI pointing up ( Positive )
- MACD going up stongly ( Positive )
- OBV pointing up ( Positive )
- CCI turned into Green ( positive )
- CMF going up ( positive )
- Ichimoku Cloud broken and next hours will be important to see if can stay above ( neutral )
CONCLUSION
NEM/XEM is a classic coin which got a very high potential to explode on a bull market. This coin is on its classical support zone and is showing very good performance on short-timeframes like other altcoins.
On long-timeframes there aren't much useful activity but prices give us a very good risk/reward for mid-long term trade.
Be patient and manage correctly your funds
New Economy Movement Falling Wedge Reversal..XEM/BTC GAINS!XEM is another top altcoin which has been in a big bearish market as we can see and we can see that it has been making a reversal pattern in its bear movement and now we are at our ultimate bottoms, however we can see that we are still inside the wedge and there is still room for downward movement so we should wait for the bounce from our trend line which will get us out of the wedge and the green price zones are our targets and the blue prices are our next supports if we go for more downward movement.
As I am more of mid/long term trader the price we have now is pretty attractive for me and may be a buy in however if you are for instagains then you should probably wait for it to get out of the wedge.
Bullish inedicators:
-EWO - we had a bearish divergence which got rejected by the green wave circled in the graph, and now we are having bullish divergence
-STOCH - has started moving from oversold are and now we are going up
-MACD - strong bullish divergence on MACD (trend has made 3 touches and now we are going for the 4th one, if we bounce from this touch this is a very strong bullish divergence we are having on MACD)
Details of the trade:
Targets:
1. 0.00002029 BTC
2. 0.00002228 BTC
3. 0.00002532 BTC
4. 0.00002735 BTC
Stop loss: well if we are joining the trade now then our stop loss should be 0.00001490 BTC and we can sell there and buy at lower prices(the blue prices shown)
Buy-in: 0.00001495-0.000016 BTC and if we go for downward movement inside the wedge then you are free to buy at the blue prices.
Good Luck, Traders! #moon #mooncommunity
XEMBTC Dead Man Walking....Follow HimXEMBTC NEM BITCOIN Dead Man Walking
NEM is another coin being marched down a slow road to oblivion.
Once 15 is broken it should fall away to 12 and then 9.
Continue to sell rallies back to the upper dynamic and/or the break
below 15 when it comes.
48/7 36/5 25/4 18 15 12 9