XEMBTC trade ideas
XEMBTC Bittrex 4H up to 07APR18 Trading Analysis (TA)XEMBTC Bittrex 4H up to 07APR18
4H Chart, also works in 1H, at this time the NewEconomyMovement (XEM) has been floating on SUPPORT ZONE 2 for a couple of days after the RESISTANCE ZONE 1 became into support once tried to break RESISTANCE ZONE 2 ( our next target); the 50,100,200 MA indicator is crossing into an ascending pattern (Blue Arrow), along with a slightly ascending movement on the MACD and RSI (Checkmarks), if this properly explodes would be nice, but keep always a spare tire, just in case. At this time the Market Cap in trying to move over the 262 Billions. Good Luck!
4H Chart, también funciona en 1H, en este momento el NewEconomyMovement (XEM) ha estado flotando en SUPPORT ZONE 2 durante un par de días después de que RESISTANCE ZONE 1 se convirtió en soporte una vez que trató de romper RESISTANCE ZONE 2 (nuestro siguiente objetivo); El indicador 50,100,200 MA se está cruzando en un patrón ascendente (flecha azul), junto con un movimiento ligeramente ascendente en el MACD y el RSI (Checkmarks), si esto explota correctamente sería bueno, pero mantenga siempre una rueda de repuesto, por si acaso. En este momento, Market Cap intenta mover los 262 mil millones. ¡Buena suerte!
"Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal"
What's up with NEM?!! BooomNEM has one of the most erratical price variations that i have ever seen. Its price seems to be highly volatil until today (good news).
The Theft of January 26 its marked on the chart with a vertical yellow line and we can see that after that it hasnt interfered in major trends lines.
Using closed prices its very easy to find Harmonics. And now looks like NEM its forming a butterfly.
Plus that, MACD is converging since the rise ofJanuary 3.
Please share your comments, observations, analysis, opinions or anything that help us to keep learning.
Of course this is not a trading advice, its just for educational uses.
Good Trade
-CJ-
NEM dead or not?I booked nice profit at the previous bull run. But after I made mistake and caught SL.
Now I back to NEM, what can I say, nothing. But chart said me BUY!
Here bullish divergance RSI and MACD on 4H chart
NEM broke out 50MA, 20EMA crossed 50MA
Next resistance lvl 200MA ~3475satishi
Stop Loss I maitain under 50MA around 3150 satoshi lvl.
It risky option I use just 7% of my capital.
Here 4H MA chart:
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
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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
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.
XEM/BTC Is the trend line can stop the loss?The day that XEM listed on Binance (Yellow Circle), it jumped from 32000 satoshis to 40000 as we predicted. Per this chart, you can see the support line which XEM reacted to this line several times. We believe this line could hold the price from further loss. It is better to watch it carefully.