XEMBTC trade ideas
XEMBTC Break out if trendline breaksIf the trend line breaks through and closes, we will be able to go long.
Nem (XEM) is a good Long opportunity The lowest blue Line should act as worst case bullish-support where everything above is a good buy (depends on market where the lowest dip will be) .
As the market only got hits by lates Bitcoin ATH we saw incredible lows on the altcoin market which all could correct up a bit .
I have choosen New Economy movement because i watched the hole hype with japan adopting it as second biggest cryptocurrency but never bough a single coin.
Now i think we reached a Point, where we could relatively safe get in for some short term profits and the goal to hold some 'free coins' over the next years.
I used my usual indicators as well as the Ethereum price to use it as main 'altcoin index' .
Happy trading, Cheers
Max
Enough! Lets the Growth begin..!After enourmous growth we got fair falling, and now I see possibility for next move.
XEM: Ready for reversal?Today I want to highlight a coin most of you have already heard of before. It was (and maybe is) one of the most promising cryptocoins to date and one of the Oil wells I have most profited from.
Since the great May pump happened, XEM has been in steady decline and there is only little sign of reversal on the chart in my opinion. I want to highlight a few things about the current position though.
XEM is one of the most endorsed picks for an upcoming rise. It was picked by several crypto "investment" groups and is a steady buy recommendation by the famous Palm Beach Group.
Palm Beach once again in their October issue kept that recommendation to buy XEM up to 0.30$.
And while other coins instantly skyrocketed once the Palm Beach monthly report was leaked, XEM is still trading at 0.20$. The XEM foundation president Lon Wong will speak at the World Blockchain Summit in Dubai in two days. It has been hinted that good news for the XEM project will be announced.
Where does this leave us? A chart that doesn't really give us hope, steady volume and a nice setup surrounding it.
I entered the market with a small sized position as the support line of May held again. I will be looking at the price development in regard to the upcoming presentation of Mr. Lon Wong. A tight stop loss order is in place at 3139 satoshis.
If you follow this one, I strongly reccomend a stop loss at a level you are comfortable with.
Best of luck.
Next 2 weeks price moves for XEMBTC "prediction"I try to be in this like a prophet. I'am curious if the chart can be drawed by market forces similar to my drawings.
XEMXEM looks trending and volume goes up so need to to breakout then accumulate and set stop loss also.
Potential CNH Forming For XEMWondering if we will see some CNH action on XEM. Volume looks like it's playing out as expected with troughs between the edges of the cup. Just need a handle to play out
XEM about to pumpThe 4 hour closes in 3 minutes and the 10 day and 30 day EMAs are crossing. If it holds the current price, the new 4 hour candle is going to open above both EMAs as they are crossing up. There is also a bullish divergence happening with price and Stoch
XEM Leaving BuyzoneXEM leaving buyzone (Green triangle) to test previous resistance at around 4100Sats. Breaking that could mean another impulsive move
XEM/BTC- UP UP and away!Based on Volume, this may seem like the next hype. Assess your risk and determine if this is a good entry!
XEM Good Setup To Break DowntrendXEM looks like it is finding good support and testing resistance. Might continue for a couple of days and provide a good entry for the exit of the channel
XEMBTC Poloniex. Potentially 60%-155% profitThe graph clearly shows the figure of the triangle, the exit from which is possible most upwards, but there is also a scenario - when the price can drop below the level of 0.236 fibo
