XEM/USD turned to the downside againThe crypto has found a very strong resistance at the median line (ML) and now goes down again. The false breakouts followed by the failures to retest the ML have signaled an exhaustion and a potential drop. XEM/USD slipped below the lower median line (LML) of the ascending pitchfork. A retest followed by an important drop below the 0.35471335 support will give us a great chance to sell this on the short term
Xemusd
Will NEM (XEM) Maintain Its Undercover Status?NEM (XEM) is known as a dark horse in the crypto community and for good reason. Despite its position as the 14th largest coin by market cap (which used to be a lot higher), very few investors actually know and understand what this cryptocurrency is all about. The coin owes its rankings to an ever increasing interest from Japan. According to Coinmarketcap.com, XEM/JPY pair accounts for more than 40% of its trade volume. Next in line is XEM/BTC at 15% and XEM/KRW at 12.5%. This means that a combined total of more than 67% trade volume is from Asia.
Read Detailed Anaysis Here: cryptodaily.co.uk
The scalping of triangles...should look like this - when entry point is signal from 1h laguerre higher than 60 (for long position) with 0.3 parameter, combined with positive signal from Alligator lines (my set is 24,12,4). Blue rectangles are areas where occur good circumstances for long positions - grey rectangles in contrary say: stay aside from taking position. Targets for entries should be estimated after finding price formation on chart (triangles are best, but there is few others of course).
The same strategy i use for scalping forex pairs like EURUSD, GBPJPY, AUDNZD and CADCHF - so far so good, only one problem is that health and nerve system can be crushed when You trade like this constantly - that's the price. In forex however any longterm strategy is (form me) imposible to use and earn - in contrary to Crypto market.
In case when market not fulfil formations 100% maybe good idea is to cut expectations by 10% - if you have target 6 cents (like it was in XEMUSD last case), cut it to 5.4cents. As i observe markets long time i see that "cutting target by 10% of the whole expected move" gives more profitable positions - especially before strong pullbacks after some trend.
NEM turned and confidently grows. Buy.Nem exited the drift, which we wrote about in the last review and started a confident growth.
The drawn reversal pattern on the daily chart, the buy signal from MAcross and the slow moving average moving upwards - all factors speak of the change of the medium-term trend to growth.
From the minimums, the rate has grown by 100%. However, even technically, within the framework of correction, it can grow by + 100%. If it is a new big wave of growth, or at least an attempt, the goals are much higher.
It is not very clear where to put stops on long positions to protect against false triggering and, at the same time, limit losses in case of an unsuccessful entry.
Short-term stop now appears under $ 0.30. Medium-term and long-term only under $ 0.2.
Profitable deals and follow our reviews!
XEMUSD XEMBTC Fake out? Interesting Log scaleXEMUSD appears to be making a bull run however after reviewing the long term view and log scale, we may see a different picture? There is a massive channel which still has some distance to go to reach the other side. Another WXY correction as per analysis can be viewed, check chart for explanation however we may see XEM going through a dump sooner or later and moving back towards that down channel.
XEM-USD-Point 0.22860 - See how we make profitsSee how we make profits
by B10coin calculator
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Point 0.22860
#XEM #XEMUSD
This strategy is like a fishing net to enter the area of lines
Whenever a buying point is achieved , the selling point shall be the same line
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This analysis is only to subscribers in B10coin, Who use the B10coin calculator
This analysis is just to see how we buy and sell
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- Choose an appropriate buy point
- do not buy more than quantity allowed in B10coin Calculator to protect your balance to buy in points 7,8,9,10
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Date: 4/5/2018
March : Bullish Accumulating Month for XEMFA :
- First of all a proved-itself coin for years, not a shitcoin.
- 20 exchanges you can trade XEM. In this month it will be 21.
- Top 20 coin on total market cap.
- At least 1 event on every month till summer.
TA :
+ Correction is over.
+ Holding on the bullish support.
+ Moving averages are still bullish. (Green line : 50MA, Brown line : 100MA, Purple line : 200MA)
+ RSI is bullish too.
+ Very oversold in last month, it will be bought in this month.
+ Just gave bullish reversal sign yesterday on XEMBTC chart.
+ Whole cryptocurrency market is recovering.
MACD and Volume are not satisfying but already dipped and possible to get normal & bullish. Looks like it will go into a horizontal congestion trend which is a buy-zone in March.
Targets : Fib levels.
Stoploss : 0.30 USD.
Time : April & May. Also possible to make a breakout in March.
Good luck Do your own research.
Please comment if I have mistakes.