XEM/USD Cryptocurrency Markets Haven’t Stabilized YetHere we have XEM/USD on the 4H chart.
The past two to three days have been somewhat positive for most cryptocurrencies as ETC/USD, LSK/USD in existence. After a terrible weekend and start to the week, most markets have reclaimed a lot of lost value. We are still months, if not years, away from seeing new all-time highs across the board. NEM is one of the few altcoins to have lost value relative to both USD and BTC in the past 24 hours.
As we can see the current NEM price dropping below $0.55 again, things are not looking all that impressive. Even though the NEM price reached US$0.60 following the massive dip to US$0.40 a few days ago, things are now starting to head in the right direction.
I am expecting XEM to get back up to the higher levels soon but slowly.
Bare in mind, that
Now we are seeing a minor NEM price correction, there is a new buy opportunity for cryptocurrency holders looking to diversify. Bare in mind that NEM rise hit an all-time high of US$1.90 (03-01).
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Xemusd
XEM/USD - 2/8/2018NEMs price is holding up strong while many others continue to decline. At a recent peak in the price, XEM created a head and shoulders pattern which sparked a reversal and a bearish push until the EMA(200) and around the 2/1 Gann fan line. This push has now completed the head and shoulders breakout and the price is ready to rise once again. The price has used the EMA(200) on 5 occasions since July (including the current testing of this level), this brings me confidence when claiming that the price is expected to start its bullish push once again to continue its long-term trend. This level is also backed and supported by the 78.6% fib retracement level and the fact that the RSI was very recently oversold. There is currently no divergence but seeing as though the volume is expected to become bullish again when the RSI increases, the price will increase accordingly. Due to the head and shoulders patterns breakout completion, the neckline of this pattern becomes a strong resistance level which is the basis for the first price target in the bullish direction. The second is characterized by the top of the right shoulder and a level the head used as support when it was almost completed.
Important Resistance Levels: $1.29, 0.839
Important Support Levels: 0.357
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Written by:
Arham Bheda
Senior Research Analyst
NEM , long-term Buy opportunity of XEMUSD, Don't miss itTechnical analysis:
NEM is in Down Trend but Beginning of uptrend is expected.
In Daily chart , A two-day hammer candlestick pattern was formed which is the first sign of the beginning a Bullish Trend.
In 4-Hr chart , There is a valid and clear divergence.
The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 38 .
Trading suggestion:
Price is in the support zone (0.516 to 0.336), traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.516)
.Ending of entry zone (0.336)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take profits:
TP1= @ 0.850 (First Target)
TP2= @ 1.151(second Target)
TP3= @ 1.305(Third Target)
TP4= @ 2.146(Fourth Target)
TP5= @ Free
Weekly review of 10 major cryptocurrencies 29.01.18 - 4.02.18During the fifth week of 2018, the main cryptocurrencies fell significantly, below the key price levels.
Bitcoin returned to November's prices, and it’s share in total capitalization slightly increased (to 35.3%). Sellers dominated the whole week, giving buyers only a short time to raise prices within the rate correction.
The number of billionaire-coins decreased to 18, and the total number of coins (according to coinmarketcap.com) increased to 1513.
The total capitalization of cryptocurrencies decreased to less than $ 400 billion, that is half of the previously reached highs.
Bitcoin collapsed by 30% from $ 11,800 to $ 8200 during the week, also visiting the $ 7800 mark.
On the weekly chart, the rate lost all major support. Now it is enough for the bears to prevent the growth going above $ 9,500 in order to retain all the technical signs of the downward trend.
On the daily chart, we see a breakdown of the key support level at about $ 10,000 and the strengthening of the downward momentum.
Recommendation: open positions for sale on the upsurge of the rate above $ 9,000
Ethereum for the week fell by 34% from $ 1,250 to $ 825, also visiting the $ 770 mark
It looks like we are seeing the wave of the 3-wave correcting formation to a large wave of growth from $ 300 to $ 1,400. The calculated goal of this large correction is about $ 700.
On the daily chart, the rate went to the minimums of January. Trend indicator stood up for sale.
In general, Ethereum looks stronger than other top coins.
Therefore, we recommend closing short positions on it around $ 700.
Ripple (XRPUSD) collapsed by 40% for the week, from $ 1.35 to $ 0.81.
Important support level at $ 0.9 is lost. Now support is the slow moving average of the weekly chart at $ 0.7.
Strengthening of the falling trend.
Sell from $ 1 with a target under $ 0.5
BCHUSD for the week collapsed by 35% from $ 1,770 to $ 1,150, also visiting the $ 990 mark
Strengthening the falling trend with the loss of key support.
Sell.
Litecoin for the week fell by 25% from $ 195 to $ 147, reaching a minimum of $ 106
Consolidation between the fast moving average at $ 220 and the slow one at $ 130. Further decline is more likely.
Support levels: $ 130, $ 75 and $ 50. Resistance at $ 165 and $ 200
Sell from $ 160 with a target under $ 80
DASH for the week fell by 33% from $ 815 to $ 545, visiting the $ 446 mark
Strengthening of the falling trend
Sell from over $ 600 with a target under $ 400
NEM fell by 46% from $ 1 to 0.54
Strengthening of the falling trend
A rebound of $ 0.5 is possible, but it is better to use it to open short positions with the target at about $ 0.2
Support levels: $ 0.5 and $ 0.2
Resistance at $ 1
Monero for the week has fallen from $ 334 to $ 220, also visiting the $ 190 mark
This fall is still within the framework of a large correction. However, further fall is more likely. Sell. Support levels at: $ 200, $ 160, $ 80
Resistance at $ 280 and $ 330.
NEO decreased by 28% from $ 147 to $ 106 holding around the $ 100 mark
NEO remains in the picture of the growing trend, while the rate is above $ 100
Buy with a stop-turn to sale at the close of the day below $ 100
IOTA fell by another 30% from $ 2.5 to $ 1.74, minimum being at $ 1.43
Development of a falling trend.
Further decline is more likely.
Sell on rebounds to $ 2 and above
Support levels at about $ 1 and $ 0.5
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NEM Coin WavesNem coin still trading upwards, where each wave is getting larger. XEM/USD reached an all-time high when it hit $2 resistance. It corrected back, down to the support at $0.67, which previous also acted as a resistance.,
Price rejected the support and the 4/1 Gann Fan trendline and perhaps now is the time for yet another wave up, that should be bigger than the previous two. The Fibonacci applied to the previous two corrective waves down show that the strong resistance is based at $3.6, which should be considered as the next upside target.
NEM/XEM Ready to Go w/ 400% Potential Mid Term (MED RISK)INDICATORS
MACCD levels look good on daily and weekly charts
RSI is decent
MMAR is very positive
Drop in price is still possible
INTELLIGENT PREDICTION
Short term (1-7 Days) - -10% - 40%
Medium term (1-3 Month) - 90% - 400%
Long term (5-12 Month) - 750% - 2,000%
MAKE SURE TO FOLLOW US TO RECEIVE UPDATES ON THIS TRADE
Trade XEM for 100% return and much moreHello Friends,
You all know, a recent attack on Japanese exchange and XEM coins were hacked.
lets do the math and read the news.
1) Max/ Current current supply : 8,999,999,999 coins, 500 M coins direct deduction / reduction. Hackers wnot provide the coins again and they cannot sell because it is tagged by the NEM team.
2) Coincheck going to refund the money I assume it is XEM coin, then it has to be bought. So 500M buy again which is going to be the huge one.
3) We all know XEM is fundamentally strong.
Considering all the above, I recommend a buy.
News info:
$530M worth (500 M coins) were stolen from Coincheck, worst hack.
cryptocurrencynews.com
Then
NEM team has confirmed that stolen coins can be traced and tagged.
www.google.com
Coincheck is ready to refund the amount, I assume they would provide it in the XEM.
api.cointelegraph.com
Technically :
Price is moving in the symmetric triangle
Entry 0.00007500-0.00008600
Stop loss: 0.00006400
Target : 0.00019000
Weekly review of 10 major cryptocurrencies 22.01.18 - 28.01.18On the fourth week of 2018 the main cryptocurrencies demonstrated growth.
Bitcoin stayed above 10,000 and its share in total capitalization decreased slightly (to 33.3%)
The pressure of sellers in the beginning of the last week was replaced by the appearance of buyers and the growth of indicators.
The number of billionaire-coins decreased to 24, and their total number (according to coinmarketcap.com) has grown to 1495.
The total market capitalization of cryptocurrencies has grown slightly to $ 577 billion
Bitcoin grew by 3% for the week from $ 11,500 to $ 11,800, but also visited the $ 9900 zone.
On the weekly chart, the rate found support over the slow moving average of $ 9,500 and is consolidating between 10,000 and 12,000.
On the daily chart, we see a flat with a rising trend.
But the possible increase of the rate remains within the limits of a downward trend from $ 17000
Recommendation: stand aside, waiting for a clear movement in one direction or another. (overcoming of 12,000 up or 10,000 down)
Ethereum for the week increased by 19% from $ 1,050 to $ 1,250, after visiting the $ 900 zone
It looks like we are seeing the wave of the 3-wave correcting formation to a large wave of growth from $ 300 to $ 1,400.
On the daily chart, the rate has risen above the slow moving average and if Ethereum can keep above it for a couple of days, then there will be a buy signal from the Moving Average Intersection.
Within the framework of the Elliott Wave theory, this buy signal must be ignored and you should look for opportunities for opening shorts and playing back a bearish wave C
However, the stop on short positions should be done when the rate closes above $ 1400, since Ethereum looks very strong in comparison with other cryptocurrencies and looks forward to lead the charts, gradually approaching Bitcoin in terms of capitalization.
Ripple (XRPUSD) for the week remained unchanged at $ 1.35.
Consolidation between $ 0.9 and $ 1.5
Buy at about $ 1 and sell above $ 1.5
BCHUSD for the week remained unchanged at $ 1,770
Consolidation between $ 1200 and $ 2000
The rate for the week is more likely to rebound up to $ 2000
From there, opening of positions for sale look quite attractive
Litecoin for the week increased by 2% to $ 195, also reaching a minimum of $ 160
Consolidation between the fast moving average at $ 220 and the slow at $ 130. Further decline is more likely.
Support levels: $ 120, $ 80 and $ 60. Resistance at $ 200
Sell from $200 with a target under $100
DASH for the week remained unchanged at $ 815 while also visiting the $ 675 zone
Fracture of the growing trend.
Sell from over $ 800 with a target at $ 400
NEM for the week did not change remaining at $ 1
Suspension of the fall. Probably an attempt to bounce up, which is good for closing long positions
Support levels: $ 1, $ 0.5 and $ 0.3
Resistance at $ 1.3
Monero went -4% for the week, from $ 347 to $ 334 also visiting $ 283
Correction on an increasing trend.
Support at $ 320, $ 280 and $ 240
Monero looks more positive than the majority
However, purchase seems premature.
NEO grew by 15% from $ 128 to $ 147 finding support over $ 100
NEO’s picture returned to a the growing trend
Buy
IOTA declined by another 9% from $ 2.76 to $ 2.5 the minimum being at $ 2.12
Reversal of the growing trend towards a fall.
Support at $ 3 became resistance and a good place to open a short position with a target of $ 2, $ 1.5 and then $ 1.
We wish you profitable deals and follow our reviews!
You can't keep a good XEM down! Or can you?XEM has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage.
We have good buying pressure from 0.80c and I would expect strong support at 0.90c.
Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1.
Current resistance is between $1.2 and $1.3 and we could see a nice little run if the bulls can push the prices past those levels.
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NEM. A signal for sale. Target at $ 0.2On the day before yesterday, a sell signal was spotted on the daily chart of XEMUSD, it came from the indicator "Crossing moving averages"
Since then, the price did not bounce back, exacerbating the bearish picture.
According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new 10-fold growth to $ 8- $ 10 within a month should begin.
However, while the "Crossing of moving averages" indicator is on sale, we recommend to play the short game.
For this, it's good to use the growth attempts to $ 1.2 - $ 1.3 and open short positions there.
The goal of the decline is now close to 0. But if we bounce back to $ 1.2 then the target goal will be just at the support level $ 0.2 - where this 10-fold December growth begun.
The reverse of the trend to “buy” will be possible only above $ 1.5
XEM / NEM Good buying opportunity . Sleeping Giant! Simple Analysis on NEM.
A lot of Japanese are talking about NEM and buying it for HODL to the MOON!
After price broken resistance at 1.11xxx, price soared higher until 2$ .
Now price has been retracing for those who missed out the broke out rally.
Why buy now?
1) Price broke up the downtrend line now.
2) Price bounce off on 50% Fib point.
Trade with your own risk.
HODL to the MOON.
Regards,
Insane.
XEMUSD Long Position (Compra)XEMUSD we see our key levels at 1$, 1.50$ we expect to risk very little to gain the upside to probaly 3$ if price falls to 1$ please buy!
XEMUSD vemos nuestros niveles claves en 1$ y 1.50$ estamos arriesgando poco para ver que el precio llegue a 3$, si el precio cae a 1$ porfavor comprar!
XEM/USD long trend aheadEven though we recently learn about China is moving for a cryptoban, XEM* is already well implemented in the east and should provide a growth in the month to come.
The recent down is probably due to the uncertainty related to Catapult and China Cryptoban rather than about the fundamentals of XEM*
The demand has a steady growth but could be slowed by a lack of platform trading the XEM* and the lack of counterparts .
In order to break the 1.09 resistance, those 3 issues have to be clarified.
The coin may stumble a little longer, as no support have been clearly identify and as the future doesn't look clear enough yet.
In conclusion, look out for the any news related and any sign of rebound.
Analysis done by The Foil
31.12.2017 03:31
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