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XEMBTC

NEM second attempt to make a bottom turnCoin of the day is NEM. NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multi-signature accounts, encrypted messaging, and an Eigentrust++ reputation system. In 2016, NEM jumped in price and become one of the largest cryptocurrency by market capitalization. While the industry was struggling with the DAO hack and recession of the Ethereum, several Japanese banks signed an agreement with NEM to create a payment infrastructure for the blockchain. The 2018 year which started with the depression all around the cryptomarkets pushed the coin to the lows, almost wiping the 2017-year gains. XEMBTC found a bottom around the 0.00003 level and now is drawing a rebound pattern. The coin had a downward impulse recently, while was facing the consequences of the Coincheck hack and waiting for the G20 crypto-regulation statements. Coincheck has settled an issue, and G20 summit turned out to be better than expected for the future of the cryptocurrencies. Hence, the recent decline stopped on the Bullish Trend Line support not reaching the 0.00003 level. XEM jumped off from the support Trend Line accompanied by the high volumes. Now the coin is testing the 0.00004 level once again and if the coin breaks above this level- the downtrend pattern will be violated, and the coin will get one more chance to unfold into a bullish direction.
Long
by DestinationMoonCrypto
Wave 3: XEM BTCWell, our targets were hit and broken! price broke well under the 0.786 Fib level due to some volatile BTC price action over the past 24 hours. Lots of panic selling ensued and price dropped further than predicted. Have now amended wave 3 targets based on wave 2 floor price. Wave 3 is never the shortest thus I predict it will take a little while for the price to rise back up to predicted targets (Purple line - 1:1 fib extension, Red line 1:1.618 fib extension). As mentioned on the graph the red line is an optimistic take, nevertheless it's good to have targets if the price breaks through the resistance on the 1:1 fib extension). Because wave 2 hit such low fib targets, we can expect wave 4 to hit higher lows than it would usually (Price will typically fall to a lesser extent). Will see when wave 3 ends how wave 4 and 5 might play out. Again have used only fib retracements and extensions along with Elliot wave theory to reach these predictions. With BTC domination and considerably influencing other crypto's, predictions remain unpredictable :D Any opinions appreciated.
by HODLord
Price target predictions using Fib Retracement and Fib extensionABC correction seems to have finished and first impulse wave has now been completed. Based on first impulse wave we can now get some targets going for waves 2/3. Based on these targets waves 4/5 can be roughly estimated also. To get Resistance support levels (purple lines) : Used Fib retracement from previous rally up to ATH To get Elliot wave wave targets: Used Fib retracement on first completed wave to get predicted target. Then using predicted targets to further use Fib extension/retracement to Predict a full 5 wave analysis. Using resistance/support levels to reinforce price action. Have only used Fib extensions/retracements to predict these targets. Have analysed the previous years rally/crash and same Fib levels have been hit consistently. This is supportive that these target levels will be reached. Have primarily focused on Wave 3 targets because waves 4-5 are harder to predict until wave 3 has been completed. Still waiting for wave 2 to complete - have used fib levels to predict wave 2 targets (Orange/Red lines). based on wave 2 targets I have been able to get a rough estimate on wave 3 targets - Green/yellow lines. Timeline is very sketchy, have based a rough timeline based on another graph, showing We should hit $1 by June/July. Any opinions appreciated.
by HODLord
1
10SMA Crosses Above the 20SMA - Moving Average Crossover SIgnalIf you have been trading for some time and have been using Technical Analysis as a way to find trading opportunities, you would have probably come across the Moving Average Crossover strategy. It is probably one of the most well-known Technical Analysis signals out there. The strategy basically uses Two Moving Averages, one with a shorter period and the other with a longer period. A bullish signal is generated when the shorter period Moving Average crosses the longer period Moving Average from below. When the opposite happens, that is when the shorter period Moving Average crosses the longer period Moving Average from above, we have a bearish signal. Now the million dollar question is does this strategy actually work? There are those who swear by it, while others feel that it is the sure road to the poor house. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
Long
by TheWolfOfBinance
Important! Profit Delivery!My Awesome people I've been offline for 3 days and haven't been able to deliver you some cash let's get back into it. Here you have XEM found a bottom from 9th December 2017. MASSIVE POTENTIAL here, we are moving nicely but that volume indicator is just jumping out at me saying we aren't going to stop today! This is great, this supports the move the momentum (black dotted line) is smashing up showing us that with this speed we aren't about to stop. We have some healthy targets ahead! I want to say now, with BTC so volatile run a very tight stop loss. BTC could ruin us but this trade will bounce back anyway with the volume pouring it like it is. The targets on the green lines when we cross over the top of these they then become your support lines so i want you to put your stop loss 1% below each green line as we cross. Trade safe people also if the daily candle on the BTC closes below the 200EMA think about closing off some of your position here. Cash Is King Peeps! Let's get back to making our 5-10% per day While I was banned you missed loads of opportunities even this I could of had you in 10% lower! I had no way to reach you all so we have some loads of cash to make up for, i will also look at putting together a chat.
Long
by Cash-is-King
19
NEM calms investors and grows furtherCoin of the day is NEM. Recently formed by NEM rebound pattern develops further. The decline in NEM value over the last weeks was provoked by the hack of the Tokyo based cryptocurrency exchange Coincheck. There were two main reasons for the concerns: that Coincheck will not return the stolen funds and the fear that the stolen NEM's (XEM) would be dumped into the market and drop the price. Both these fears were dispelled, the exchange started to return the funds and realization that the stolen money could not harm the NEM market given its large capitalization calmed investors. From the technical view, the pair is showing a sustained uptrend for the last days and established a bullish trend line support. The 0.00004 level was broken and turned into support. From the upside, the 0.00005 level and the 100-days EMA will be the next targets if the bullish scenario will continue to develop.
Long
by DestinationMoonCrypto
NEM found a bottom?Coin of the day is NEM. Nem was trading in the downtrend for recent time, and it seems that the coin has finally found the bottom at the 0.00003 level. Dive to the 0.00003 level still fit in the global uptrend, so it could be a good place to buy. From the bulls: XEMBTC broke above the Bearish Trend Line and pushed upwards from the 0.00003 support. Growing volumes support the bullish tendency. Potential profit if the bullish phase starts now is very high. From the bears: In comparison to the massive and consistent downtrend, the turnaround pattern should be much larger and significant. If this is the beginning of such construction, then the breaking of the 0.00005 resistance and 100-days EMA should prove it. Before these signs - the turnaround scenario sounds week.
by DestinationMoonCrypto