XEM Will Enter Oversold TerritoryThe Relative Strength Indicator is 32 that is near the oversold area, indicating a downtrend is in place. However, it should be noted that the short term price increase for XEM after the coin touch the oversold zone is not what will drives the price. The Moving Average convergence Divergence is also below zero, we have entered to the strong bear market.
The analysis of the daily trends of the XEM chart shows we remain in a bear market with key resistance at the 100-Day exponential moving average and the support of 200-Day EMA. In addition, in the range from 5k to 6.5k Sats was a large volume trade which indicates that this level can become a resistance or act as the support.
XEMBTC trade ideas
NEMBTC Bounce on Support Line?Since the negative news of Coincheck XEM wallet hack at January 26, XEMBTC is still downtrend during the investigation phase. Bittrex is still closing their withdrawal/deposit on XEM wallet so arbitage there still not possible until today
The +- 0.00005000 BTC seems to be strong support line multiple times before
DWYOR :)
Possible XEM spikeFirst publication so be gentle..
XEM 1.58% looks to be ready for a bit of a run as it has been on a downward trend for a few days now.. Hoping for it to climb to a minimum of 6300 but could go as high as 7000 if we are lucky..
Ideal buyin 5800 or below.. Stoploss at around 5550.
Treat this with a grain of salt and happy trading! :)
$XEM/$NEM - [TA]One more dip before a pumpChecking out the 4H:
Two rejections after it dipped below the 50% retracement line, 3rd time's the charm. Make sure to set a stop loss just in case.
Entry zone : 6020-6610 sats.
6610 is a bit high because it's looking pretty bullish and it's been under the 55EMA for way too long, and the EMAs are about to cross.
It is possible to miss the buy in target, but the MACD and RSI aren't looking too healthy at the moment.
Now, let's take a look at the 1D time interval.
Clear support and resistance lines. Looking absolutely fantastic with RSI and MACD just about to cross over.
I never remember which is the ticker and which is the name...
$XEMBTC, Bittrex- How does it look?Keypoints:
1.Price breaks below the descending triangle
2.Touch the blue line support which signifies a trend line
3.If it follows the blue trendline it is expected to touch the blue resistance;
4. If the support at 7401 price will become the resistance and will reject it, $XEM is expected to touch the next support at 2 fib. (Red Line)
Please comment if I put the anything wrong or needs any improvement. I'll gladly accept and consider it. Thank you.
(this is not a financial advice, trade at your own risk)
XEM/BTC quick profit %5-10 %buy: 7000-7300 sats
sell:
target 1: 7754 sats
target 2: 7863 sats
target 3: 8038 sata
stoploss: 6838 sats
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG 1.34% 1.34% -4.72% 2.25%
XmXxWSgRqa4ZzzQUbWQnsAfxA1RGPScqZN - DASH
0xB62e34A9C3090Bb442a60C3f5d6Df72Db0341143 -ETH
Good Luck,
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
NEM is in the Range Bound and Resumption of Uptrend is expected.Technical analysis:
NEM, is in Range Bound and Resumption of Uptrend is expected.
The price is now below the 21-Day WEMA which acts as a dynamic resistance and prevents from more gains.
DAILY RSI is 45 and above a support level 46.
In H4-RSI , A Bullish exit is occurred which triggering more bullish momentum.
Trading suggestion:
Price is in the support zone (0.000085 to 0.000068), traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000085)
Ending of entry zone (0.000068)
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:
1. First target is at 0.0000619
2. Without target
NEM is in the Range Bound and Resumption of Uptrend is expected.Technical analysis:
NEM , is in the Range Bound and Resumption of Uptrend is expected.
The price is now below the 21-Day WEMA which acts as a dynamic resistance and prevents from more gains.
DAILY RSI is 44 and below a support level .
In H4-RSI , A Bullish exit is occurred which triggers more bullish momentum.
Trading suggestion:
Price is in the support zone (0.000085 to 0.000068), traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.000085)
Ending of entry zone (0.000068)
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:
1. First target is at 0.0000619
2. Without target
NEMBTC ,A good opportunity for long trades in XEMBTCTrading suggestion:
There is possibility of temporary retracement to suggested support zone (0.000088 to 0.000072), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
.Beginning of Buy zone (0.000088)
.Ending of Buy zone (0.000072)
Take Profit:
TP1= @ 0.000106
TP2= @ 0.000137
TP3= @ Free
Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 53.
.Current short-term is range bound, but beginning of uptrend is expected.