Xemusd
XEM/BTC - 3/28/2018Good Morning, Traders!
NEM is currently looking at extremely low volume on Bittrex and is consolidating into what could be the formation of a triangle. The bottom trend line forming the triangle is solidified by 3+ touches, although the top has only touched twice. If the volume continues to stay this low when the price finally breaks out of this triangle, the breakout will not be very significant and there will not be much price action. If the volume assists the breakout though, the price is expected to reach at least the 78.6% retracement level due to little resistance before this level. After reaching here there may be a short retracement that usually occurs after these types of breakouts, before reversing again and continuing in the bullish direction. The complete breakout is measured by the green vertical line. The price will only reach this level due to this breakout if volume allows for this.
Important Resistance Levels: 3949, 3641, 3408
Important Support Levels: 3043
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
XEM Short term tradeHello Friends,
Please find the XEM trade. (SHORT Term trade)
1) Listed in Binance.
2) Forming Double bottom, as we broke the neckline already and the price is testing the neckline and forming a pull back.
3) Volume is good.
Considering the above points, we would hit 15%, target : 4150, Stoploss is below the neckline.
Post your thoughts.
XEM Long term tradeHello Friends,
Please find the XEM long-term view.
1) Listed in Binance means more volume.
2) We have made the double bottom around 3000 SATs twice which is a sign of coin reaching the bottom. And a decent bounce of 3000 SATs from 5600 SATs is a good sign that price has reached the bottom.
3) Volume is good.
So my trade is
Buy on the neck line : 3640 SATs
Target 1: 4200 SATs
Target 2: 5600 SATs
Target 3: 10000 SATs (once broken the neckline at 5600, expect a pullback and the price could move to 10000 SATs.)
Sl : 2800 SATs
Risk Reward for this trade, 800 SATs : 6360 SATs , 1: 8
NEM has achieved the goal of reduction and a strong support leveIn the last review, we wrote about the idea of a short from $ 0.40 to $ 0.20.
NEM after that was able to climb as high as $ 0.50, and only after it rushed down towards the goal and support level at $ 0.20.
Support level at about $ 0.20 turned out to be really strong: last week the minimum was $ 0.22, and on this week it’s even higher, despite the increased volumes of trading.
The fall stopped, at least for now.
Therefore, we change the short-term recommendation to "Neutral"
Long-term recommendation "Sell" received a technical confirmation: MAcross on the weekly chart turned upside down.
Thus, in the near future a consolidation over $ 0.2 is the most likely picture
After that the rate will probably test the minimums and try to go down even further
Profitable deals and follow our reviews!
XEM RSI analysis and predictionsIf XEM Follows previous patterns, this is what we can expect to see on the weekly RSI. If it follows the same, now is a VERY good time to get in indeed. NEM Foundation has also behind the scenes been working with numerous companies that have been testing their blockchain. With the release of catapult rumoured to release in May and additional projects being built on top of NEM. This is looking to be a very profitable year.
We can also see that the RSI is consistently hitting 0.618 extensions.
Some sign of positive reversal here.I hope this downtrend is finally over. Divergences @MACD and CCI suggest that for now. And inverted H&S formation (see lower timeframes) at the final dip of this downtrend suggests that too. Do not invest however here "all in". Deeper downtrend in BTCUSD and this upmove will end with new dip. Now upmove is fueled mainly by coinchecks victims refundation.
NEM (XEM) Rises As Coincheck Commences Refunds
Take a look at this beautiful chart for XEM. Each candle represents a 4-hour time segment. As you can see, it is moving upward on a tight channel (cyan) that began on around March 10th. Previously to that, it was also moving upward on a channel that began somewhere around March 6th-7th. At this moment it is completing the 3rd wave of its current Elliot Wave impulse rally. This coincides with the intersection of the (cyan) channel's support with the (yellow) channel's resistance. This could mean a premature correction that could prevent us from reaching our target of $0.50 due to a lack of momentum (specially when you consider the current region of the Keltner Channel (blue) that XEM is currently cruising within. On top of that, it's clear that we are far above it's EMA(55) and a retracement is due. Retracement once full Elliot Wave correction is completed should coincide with a fib level, and in this particular case it seems to me like it'll retrace to 50% to coincide with the bottom Keltner Channel for healthy movement as well as with the support of the (yellow) channel. The RSI is also showing we have recently entered overbought territory and this should also trigger a sell-off from the bears.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
What's next? Lesson from the past.I think this downtrend tend to be much longer. But how long will last?
Let's see the last deep correction (much deeper than 60%) of XEMs bubble in the past, and RSI indicator behaviour (in second half of 2016).
What we need on XEMUSD chart now is much more divergence on RSI. For now there is no divergence so it should be created by market players. It should be accumulation phase before new bubble scheme.
Weekly review of 10 major cryptocurrencies 19.02.18 - 25.02.18After last week, most cryptocurrencies got cheaper, rolling back from the resistance levels. Bitcoin fell slightly below $ 10,000 but its share in total capitalization increased to 38%. Growth at the beginning of the week got replaced by a gradual decline.
The number of billionaire-coins decreased to 18, and their total number (according to coinmarketcap.com) decreased to 1519.
The total capitalization of the cryptocurrency market decreased to $ 430 billion.
Bitcoin for the week fell by 8% from $ 10,400 to $ 9,600, reaching a maximum of 11,800.
On the weekly chart, the rate could not rise above the fast moving average and it is slightly below the slow moving average. Thus, the prerequisites for consolidation between $ 6000 and $ 12000 are created.
On the daily chart, the intersection of moving averages remains in the purchase, and the rate has fallen directly to the beginning of the growing slow moving average
Thus, while the rate is above $ 9,500, further increases are more likely.
Ethereum for the week fell by 8% from $ 910 to $ 840, also visiting the $ 960 mark
Consolidation between $ 600 and $ 1000
In general, Ethereum does not show any apparent dynamics to increase or decrease.
Therefore, it is reasonable to stay away from trading it.
Ripple (XRPUSD) for the week decreased by 16% from $ 1.07 to $ 0.9
Consolidation is next to support at $ 0.9, over the slow moving average.
Probably a gradual decline.
BCHUSD for the week decreased by 19% from $ 1,450 to $ 1,170, fully playing back the growth of the previous week.
It seems that the signal to buy received on the previous week was false.
Further gradual decline is more likely now.
Litecoin was able to grow by 3% from $ 210 to $ 218, reaching a maximum of $ 260
Technically, it looks positive on both the daily and weekly charts.
Further increase is more likely.
DASH for the week fell by 15% from $ 685 to $ 585, completely losing the achievements of the previous week.
Consolidation between $ 400 and $ 800.
NEM for the week fell by 22% from $ 0.51 to 0.39
A Clear outsider among the top cryptocurrencies
Sell.
Monero for the week fell by 5% from $ 290 to $ 276, also visiting the $ 330 mark
Consolidation between $ 240 and $ 330 with a technical growth picture still above $ 240
NEO for the week fell by 6% from $ 125 to $ 117 also visiting the $145 mark
Damped oscillations
Further increase is more likely.
IOTA fell by 8% from $ 1.96 to $ 1.80, reaching the maximum of $ 2.16 during the week
Consolidation between $ 1.1 and $ 2.2
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NEM. The first goal of a consecutive short was achieved.In the previous NEM review, we proposed the idea of a short from $ 0.65- $ 0.75 with a target of $ 0.40- $ 0.35
$ 0.65 was achieved and now the first target at $ 0.40 is reached.
Unlike many other cryptocurrencies, NEM was unable to draw a buy signal from the MA cross on the daily chart.
Volumes of the decline are clearly increasing.
In general, signs of a reversal are not visible.
So you can keep at least part of the short positions.
Moving averages just as the resistance level decrease and now around $ 0.5
Support is still at $ 0.35 and $ 0.20
We wish you profitable deals and be sure to check out our website at icex.ch!
XEM/USD Buy OpportunityHere we are analyzing XEM/USD on the 1D chart.
NEM is currently trading around $ 0.54. The one-year forecast of the cryptocurrency is around US$ 0.86.
I suspect that XEM/USD will likely retest this side-wards support level before an up move. If price breaks below this level, there could be a retest of the lower horizontal support at $0.32 in the longer term before the upside. I hope we do not see the second scenario.
This means, from the present prices it is still offering a decent upside of 60% in this very calendar year. In the pending 10 months, the return of 60% is good enough. When you look at the five-year forecast of the cryptocurrency, it is around $ 1.65. Thus over a period of 5 years as well, it provides plenty of upside.
While on the whole, these predictions might look a little bleak but when you take into account the strong application of the platform which it is developing, it would provide you with good returns and stability in your portfolio. Also, it is a good diversification option considering the fact that the platform is finding increasing takers.
The last 24-hour trading volume is currently about $93,416,200 with a circulating supply of 8,999,999,999 XEM out of a max of 8,999,999,999 XEM .
Dont forget to follow if you want to be informed ;)
Longterm NEM/XEM viewNEM/XEM is a good coin for longterm holding. Should be accumulated at area around 50cents (25%-33% of planned money to invest), 20-30cents area (25-33%) and at around 10cents (50-33% of planned money to throw in). Problems with recent coinchecks hack, and generated from other exchanges (having like bittrex problems with going online with deposits, they are so lazy to change their wallet to multisignature and introduce mechanism to not receive stolen XEMs) giving a good chances to get XEMs so cheap as possible. First goals after accumulation phase (i think this phase should be to april-june 2018) is target around 4$ or little higher. In wider longterm period (1st Q of 2019) the goal for XEMs quoting in USD is around 60$ (no it's not typing mistake 60 american dollars!). See You in the future, dont forget to buy this tickets, before another one ride to the stars;)
Downtrend is clear here...but afterall, we must accumulate cheap to sell it with profit. As i prefer longterm play than intrday, accumulation levels for now are 0.34$, 0.2$ and 0.1$. Of course capital management is recommended. I have described that in my previous idea for XEM.
The redline on my chart is made on 1D timeframe on closed candles! The formation lines (purple or violet) on 1h chart instead. Attack on the redline has failed so 0.34$ is much more possible, with hacker selling activity 0.2$ is possible too and finally 0.1$ if we see some panic dumps.
Weekly review of 10 major cryptocurrencies 12.02.18 - 18.02.18Last week, the main cryptocurrencies significantly increased in price, bouncing quite high from the minimums. Bitcoin rose above $ 10,000, and its share in total capitalization increased to 37%.
The number of billionaire-coins decreased to 21, and their total number (according to coinmarketcap.com) increased to 1545.
The total capitalization of the cryptocurrency market increased to $ 490 billion.
Bitcoin for the week increased by 29% from $ 8100 to $ 10,400, reaching a maximum of 11,200 by the weekend.
On the weekly chart, the rate was able to rise above the slow moving average, significantly complicating the technical prospects for further decline.
On the daily chart and and overall, the Intersection of moving averages gave a signal to buy.
So, if in the upcoming days the quotes won’t drop below $ 9,500, you’ll need to close the positions for sale, and maybe start opening ones for purchase.
Ethereum for the week increased by 12% from $ 810 to $ 910, also visiting the $ 980 mark
The calculated goal of correction at $ 700 was reached and the ascent began.
However, while it is limited to a fast moving average, it is premature to speak about the beginning of a large wave of growth.
On the daily chart, the intersection of moving averages also gave a buy signal. However, it is not as confident as on Bitcoin's graph.
In general, Ethereum does not show any apparent dynamics to increase or decrease.
Therefore, it is reasonable not to participate in the bidding.
Ripple (XRPUSD) for the week increased by 10% from $ 0.97 to $ 1.07, reaching a maximum of $ 1.23
The important support at $ 0.9 has been restored. The support is also the slow moving average of the weekly chart at $ 0.8.
Above it, is the resistance from $ 1.25 to $ 1.5
This week, ripple will probably enter consolidation between support and resistance.
BCHUSD for the week increased by 20% from $ 1,210 to $ 1,450, also visiting the $ 1,630 mark
Crossing the moving averages in the purchase and overcoming of $ 1370 gave a signal to close the positions for sale and open ones for purchase.
Litecoin for the week soared by 40% from $ 150 to $ 210, reaching a maximum of $ 255
On the daily chart, the intersection of moving averages gave a buy signal. At the same time, the rate overcame important resistance levels.
Further increase is more likely.
DASH for the week grew by 17% from $ 585 to $ 685, reaching $ 770
The transition from a decline to consolidation between $ 400 and $ 800.
NEM for the week fell by 1% from $ 0.52 to 0.515
Consolidation near the minimums on a falling trend. It looks much worse than other coins from the top 10.
Sell.
Monero for the week increased by 26% from $ 230 to $ 290 reaching $ 330
The transition from a decline to consolidation between $ 230 and $ 320
NEO grew by 25% from $ 100 to $ 125, also reaching $145 mark
NEO remains in the picture of the growing trend, rising above the fast moving average on the weekly chart
The intersection of the moving averages of the daily chart also gave a buy signal.
Buy.
IOTA grew by another 17% from $ 1.67 to $ 1.96, reaching a maximum of $ 2.2
The transition from a decline to consolidation between $ 1.5 and $ 2.5
We wish you profitable deals and follow our reviews!
Weekly review of 10 major cryptocurrencies 5.02.18 - 11.02.18Last week, the prices of the main cryptocurrencies fell in the beginning of the week and recovered at the end.
Bitcoin almost didn’t change in price, and its share in total capitalization only slightly decreased (to 34.4%).
The number of billionaire-coins increased to 27, and their total number (according to coinmarketcap.com) increased to 1526.
The total capitalization of cryptocurrency market exceeded $ 400 billion.
Bitcoin fell by 1% from $ 8,200 to $ 8,100, however it was falling to $ 6,000 and rising to $ 9,000 during the week.
On the weekly chart, the rate remained lower than the fast and slow moving averages, which doesn’t look good for the buyers. At the same time, the rebound from the October’s price of $ 6,000 is convincing enough to suggest that this level will support this week.
On the daily chart, we see consolidation near the fast moving average within the medium-term downtrend.
Recommendation: open positions for sale on the upsurge of the rate above $ 9,000
Ethereum for the week fell by 2% from $ 825 to $ 810, also visiting the $ 565 mark
It looks like consolidation begins between the fast and slow moving averages ($ 950 and $ 600 this week) with not yet clear perspectives.
On the daily chart the rate reached the target for the corrective wave C and rebounded, consolidating around the fast moving average.
The technical outlook here is also mixed and most likely this week Ethereum will remain in the range of $ 600- $ 950.
In general, Ethereum looks stronger than other top coins.
Ripple (XRPUSD) for the week increased by 20% from $ 0.81 to $ 0.97, reaching a maximum of $ 1.25
The important support at $ 0.9 has been restored. The support is also the slow moving average of the weekly chart at $ 0.77.
Above is the resistance from $ 1.3 to $ 1.5
This week a consolidation in a wide range is quite likely.
BCHUSD for the week increased by 5% from $ 1,150 to $ 1,210, also visiting the $ 760 mark
While the rate is below $ 1370, further downgrade is more likely.
Sell.
Litecoin for the week increased by 1% from $ 147 to $ 149, also reaching a minimum of $ 105 during the week
It seems that the downward momentum is suspended by the buyers.
This week consolidation is possible at the achieved levels.
DASH grew by 6% for the week from $ 545 to $ 580, also reaching a minimum of $ 370 during the week
While the rate is below $ 650 (slow moving average), further decline is more likely.
NEM for the week fell by 4% from $ 0.54 to $ 0.52 minimum being at $ 0.35
The decline continues. The rebound is weak and unconvincing and it is better to use it to open short positions with the target of about $ 0.2
Support levels: $ 0.5 and $ 0.2
Resistance at $ 1
Monero for the week increased by 3% from $ 220 to $ 227 minimum being at $ 150
Support at the slow moving average is so far keeping the rate from decline, but it’s quite likely in the near future (probably after the upward correction).
Support at $ 215, $ 150, $ 80
Resistance at $ 280 and $ 330.
NEO decreased by 5% from $ 106 to $ 101 minimum being at $ 63
NEO remains in the picture of the growing trend, pushing away from the slow moving average on $ 63.
Buy on kickbacks.
IOTA fell by another 4% from $ 1.74 to $ 1.67 minimum being at $ 1.20
Consolidation on a falling trend.
Further decline is more likely.
Sell on rebounds to $ 2 and above
Support is at about $ 1 and $ 0.5
We wish you profitable deals and follow our reviews!
NEM. Consolidation on the downtrend.In our previous review of NEM, we assumed a decline from $ 0.75 to $ 0.35 and a return to $ 0.75 from below.
The first part executed perfectly: the fall happened and reached exactly $ 0.35
But the subsequent rebound reached only $ 0.65.
Well, maybe that's all the buyers can offer.
A move to $ 0.75 is still possible, however we do not recommend waiting for it while in the purchase.
The game of bounces does not mean procrastination: there is profit and a hitch rebound - close and rejoice in success.
Technically, the picture of XEMUSD in recent days is a consolidation on a falling trend
Therefore, the most promising strategy in terms of financial profitability is to open positions for sale at take-offs and close positions at support levels fixing the profit.
At the moment, a good range for sale is $ 0.65-0.75
For repurchase of short positions: $ 0.3- $ 0.4
With confident fall from $ 0.35 down, the next support level is at about $ 0.2
We wish you profitable deals and follow our reviews!