XEMBTC Weekly Resistance/Support AnalyzesHere we can see that XEM seems to be preparing for same fractal procedure as in the past. Everytime XEM closes the Week above the Black Support Line he starts his journey towards a Retry of the Target Zone Area.
Can we expect the same thing now?
Yes, god willing, as long as BTC holds his ground.
XEMBTC trade ideas
Nem (XEM) - Ready to begin new cycle!!!Nem (XEM) is currently on the accumulation phase of the cycle. This should be a safe(ish) zone to enter the trade. Chart is easy to read, targets are marked in green.
I would probably use a stop loss around 2800s.
Entry: 2900-3300 (the lower the better obviously)
SL: 2600-2800
TP1: 5000
TP2: 6200
TP3: 7400
Not intended as trading advice. Use your own judgment when trading with real money.
XEMBTC 50% + 90% + 160% +XEMBTC 50% + 90% + 160% +
Good day to all!
The market pleases us the last days (although without false modesty I can say that we have worked nice the last 3-4 weeks).
And again we have a new opportunity.
Bolinger is narrowing, MA 9 strive to rise above the MA 50, these are all very good signs! Confuses only overbought, but in the past it did not stop the coin from flying!
When entering the market, I advise you to have a clear trade plan that will protect your capital and help it to increase.
And as always, I advise you to remember about profit taking. After all, only the profit that you recorded can be called a true profit, the rest is only a mirage!
Good luck and good trading!
NEM is Now Listed on BinanceJust a few hours ago NEM coin has been added to Binance and XEM/BNB, XEM/BTC, and XEM/ETH trading pairs are now available for trading. This news certainly can add trading volume for this coin and potentially boost the upside momentum that seems already started.
After a strong correction for the 13.5k satoshis high, currently, XEM/BTC is trading at 3750 satoshis, which could seem an attractive and cheap price for investors. Technically, XEM/BTC trend remains upwards as the 227.2% Fibonacci channel trendline has been broken on a daily chart. The two Fibs applied to the corrective waves after the downtrend trendline breakout point to the 21k satoshis as an upside target, which is almost 500% potential gain. While NEM is trading above 2440 satoshis support the uptrend is likely to begin.
However, break and close below the support could send price back to 800 satoshis and/or extend the consolidation period prior to the uptrend.
Trade for XEM - BTCXEM just got out of its descending channel and is moving to break out of the big triangle. I expect it will break out soon in few days.
RSI, MACD and ADX look bullish.
Buy zone: 37xx - 35xx
Take profit:
TP1: 47xx
TP2: 54xx
TP3: 63xx
TP4: 73xx
Stoploss: Under 3400
*Just my thought, mind your own trade*
XEM-BTC i love JAPAN :)alt season is back. Our job now is to find the most profitable coin to invest into. The hard part is that we don't know which coins will pump first or later. Instead of jumping around and wait for winning lottery. Why not invest into the coins which we think will have big potential profit when its uptrend starts ? :)
Reason for picking XEM:
-uptrend is starting
-very high potential profit compared to other coins
-high liquid so we can get in or out with minimal loss
-I love JAPANESE girls :)
XEMBTC NEM Big move ahead!NEM is making all the right moves!
Things to note:
moving average cross in small purple circle presently coming.
ABOVE THE 20/50 period moving average!
RSI high on daily and can go higher according to past.
Look at December on the left. The moving average cross and high RSI did well. This might pan out same now.
What happened on March 10-12th? The 50 moving average acted as resistance and the 20 was below 50 so it was a clear bear market.
I drew fan lines for resistance. Check out John J. Murphy's TA book on this. I excpect to consolidate and restest the highest fan line resistance. IF WE BOUNCE OFF THE 20-50 to the upside bear market is over and moon boots time!
WHAT'S DIFFERENT THIS TIME????
VOLUME. Volume is second in importance next to PRICE in TA. We had a HUGE boost in volume to kick off the rally, right now it is anemic in comparison. If we break through the .618 fib level then everyone might wake up to this.
Red lines are support that is now resistance...
NEM have a high media attention.Coin of the day is NEM.
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multi-signature accounts, encrypted messaging, and an Eigentrust++ reputation system.
In 2016, NEM jumped in price and become one of the largest cryptocurrency by market capitalization. While the industry was struggling with the DAO hack and recession of the Ethereum, several Japanese banks signed an agreement with NEM to create a payment infrastructure for the blockchain.
The 2018 year which started with the depression all around the cryptomarkets pushed the coin to the lows, almost wiping the 2017-year gains. XEMBTC found a bottom around the 0.00003 level and now is drawing a rebound pattern.
Media attention on Reddit and Twitter has risen to a new high during last week; such shifts could have occurred due to NEM listing by Binance (in March) and overall positive news background around the coin. As reported via CoinLive earlier last week, Tutellus, a blockchain-based EdTech company aimed to incentivize both learning and teaching, switched from Ethereum to NEM as its main blockchain.
XEMBTC brought attention to itself during last days by the strong growth and breaking above the 0.00004 resistance. Last time when the coin went into an uptrend, it ended at the 100-days EMA (14.03.2018), today the price reaching 100-days EMA again. A breakthrough above the EMA will lead the price upwards to the previous high at 0.000057. The break of the 0.000057 high will change overall chart bias to an uptrend. From the below, 0.0004 level should hold as a support to remain bullish sentiment.