XEM/USD Daily Update (17/11/17)Crypto is the trend right now.
I am seeing bullish-ness, however a break above 0.26 would be a safer entry.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Xemusd
Weekly review for 10 cryptocurrenciesLast week, most of the cryptocurrencies continued their amazing growth.
Bitcoin (BTCUSD) has risen in price by 27.5% from $ 14,900 to $ 19,000, teaching $ 20,000 at a point.
The light body of the weekly Japanese candle has twice surpassed the "tail" of the previous week.
It looks like the expected correction to $ 8000- $ 10,000 is unlikely to happen, there will simply be a slowdown near the psychological level of $ 20,000.
Technically, the present moment is suitable for long-term purchase only for those, who can withstand a 50% or a bigger drop in the rate. To limit the risk, we recommend waiting for a more suitable moment.
Recommendation: Hold. Buy not more than $ 10,000.
BCHUSD for the week increased by 42% from $ 1,288 to $ 1,829, after visiting $ 2,100
Resumption of growth after correction
Keep. Buy from $ 1700 - the top of the previous wave
Ripple (XRPUSD) for the week tripled in price : $ 0.23- $ 0.71, peaking at $ 0.918
Breakthrough from a protracted consolidation. A new impulse wave of growth.
Keep. Buy at $ 0.45 - the summer height and the middle of the candle last week
Litecoin (LTCUSD) doubled the price over the week : from $ 144 to $ 314, a maximum of $ 348
Keep. Buy at $ 180- $ 200 - the mid-wave growth from $ 50 and the slow moving average on the daily chart
DASH for the week increased by 60% from $ 675 to $ 1082, reaching $ 1200
Resumption of growth after correction.
Keep. Buy on $ 900 - the previous top point
NEM (XEMUSD) for the week increased by 76% from $ 0.38 to $ 0.67, reaching $ 0.77
Correction of the previous takeoff has played out. A buy signal was received from the Moving Average Crossing on the weekly chart.
Keep. Buy on the support level on the daily chart of $ 0.45
Monero (XMRUSD) for the week increased by 44% from $ 240 to $ 345, reaching $ 360
Another takeoff to the absolute maximum.
Keep
Technically, for long-term purchases, the $ 150 level is appropriate - its the previous top and the slow moving average
BTGUSD for the week increased by 32% from $ 220 to $ 290, reaching $ 347
Prolonged consolidation. Mixed technical picture.
Recommendation: stand aside, waiting for a reliable exit from consolidation
ETCUSD for the week increased by 36% from $ 25 to $ 34, reaching $ 38
Resumption of growth after correction.
Buy.
NEOUSD for the week soared by 100% from $ 33 to $ 67, reaching $ 76
The beginning of a new wave of growth after a long consolidation. Achieving the absolute maximum.
Buy
We wish you profitable deals!
Follow our daily and weekly reviews and visit icex.ch
NEM (XEM/USD) Prediction for this week Hey Everyone,
As major platforms such as Dash, NEM, Bitshares and Neo are quietly taking steps designed to bring them into the mainstream and growing rapidly which these platforms are similar to Ethereum in that they offer smart contracts and the ability to create custom tokens, as NEM adoption and development continues to grow and also as the NEM.io Foundation has announced a $40 million expansion plan, and it is building a blockchain centre in Malaysia to promote global innovation which the foundation is also working with Blockchain Global to build a cryptocurrency exchange based on the NEM platform, NEM upside direction against the American dollar.
Now it's a great time to buy NEM and the advantage is that the price is below 1USD.
XEMUSD Trend AnalysisXEM is the #8 on coinmarketcap, recently just passing Monero!
Japan has recently just started to implement this crypto currency.
I see a wedge pattern, with a high probability of a breakout to a new high.
Recently we have been seeing newer highs as the days close by, in my opinion it is just a matter of time before it breaks off into a newer high.
You could go for a quick trade here, or holding for long term reasons might not be a bad thing either.
NEM-XEM trading idea setting up for DecemberXEM is launching it's 2.0 version at the end of December. In large falling wedge since June on BTC chart! Obviously, the price has seen a reversal in USD based on BTC going banana's. A trend reversal can occur at any moment
( new money flowing into the market ). It has found some support at the current level. Hence I left the entry point broader. My personal opinion we will see a little more down supported by ( DMI, PHOENIX, RSI, STOCH RSI ). In general, we could set ourselves up for a good trade come end 2017- beginning 2018.
Another wave of fools/dumb money in BTCUSD...... so here without huge fundamental info, the price probably will slide deeper (after break of the orange line). Price target for this drop is around 8cents but spikes can be of course deeper than that. Fools/dumb money jump in the last stages of pump @ BTC, some of them will dump before owned altcoins - just like XEM. It's so pathetic:)
XEMBTC Falling WedgeWhat I See
NEM is almost done with the correction back to level 1. Risk minimized.
Falling wedge is running out of space
Has been down-trending for 4-6 months, a breakout is near
Last swing high is very far, at 7000 sats.
NEM can move to next fib levels (color lines)
What to Do
Set buy alerts in zones where falling wedge could breakout. Use an app or Tradingview alerts.
Set buys between wedge breakout point and .236 fib level, depending on your risk appetite.
Watch for price reaction around resistance levels (orange)
Set a stop loss at the lowest resistance level or 1 fib level. I am not setting stop loss as I am long on this coin, although I do recommend you do.