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XEMBTC

XEM/BTC Trade IdeaGreat oppertunity to buy into XEM at the moment. Currently in the middle of bouncing off the first major support line, we can see that this will potentially confirm a trend reversal. Looking like it has also started the second elliot wave cycle so could potentially expect big gains. Stoch is stating that it is oversold which also backs up a bounce off the first support line. below I have listed some possible scenarios 1. The price tests the current resistance line, before breaking and retracing back to the support line it is currently on 2. Price is in fact in the second elliot wave cycle and pumps to push for a new ATH before potentially retracing back 3. Price drops to second support line, and then channels between the current support lines (top one would be resistance, before testing the current resistance line How I see it, option 1 in bold is the most likely. This would follow the pattern of the previous resistance line break. I would also like to see another confirmation of trend reversal before we see a big spike in price
Long
by blakeren
NEM How to TradeThe price is going to bounce from the downtrend line. RSI is going to confirm a price reversal. We should expect for further downward movement to the uptrend line. If the market bounces from the uptrend line, we'll have a confirmation of possible upward movement. It will be a buy signal when the price breaks the donwtrend line. Also, we can place pending orders for buy above 0.000090 level. If the market breaks the downtrend line and shows strong upward movement without a retracement to the uptrend line, we'll be able to catch this movement. Stop orders for all long trades must be placed below the local swing lows. Profit targets should be at the resistance levels.
by DLavrov
5
NEM coin (XEM) - long term bullish trendline respectedIf Bitcoin breaks the long term 3000USD price barrier signalling a new bullish run I would expect XEM to fully recover after it's nearly two month long bearish run. Everything depend on Bitcoin price and hardfork situation. If Bitcoin starts a new bullish wave we can expect many altcoins to rise fast, since most charts look similar: an insane run of the summer begining is now corrected but overall 2017 trendline upwards is still on. I also would give high probability for Bitcoin to move upwards due to: * Lower amounts of Bitcoin in exchanges * People are likely to cashout their BCC instead of BTC for profits, since this is basically free money. All eyes on Bitcoin, stop loss under the long term trendline (0.00005090).
Long
by juliusjulius
2