XEMBTC trade ideas
NEM (XEM) - Update for next 1-2 weeksHere's an update for NEM on a more short term outlook from my previous chart. I had previously posted a chart which was projecting a massive cup & handle which could take another couple of months to resolve before the big break out. In this chart, I'm looking at the short term future of the next week or two which I believe is overall bullish.
Slight pull pack today so far which has bounced up again. Here I've plotted some a couple of triangles which represent the long term trend as well as a sharp uptrend for the past week. EMA have crossed over bullish and had you bought on the crossover, you would have caught a nice upswing. MACD crossed over a week before. With the EMA crossover plus price action breaking above both EMAs, we had a triple confirm for buy at a really nice entry point. EMA are now acting as support and are riding along the trend line nicely. Some resistance zones to note which should stall the uptrend here and there. Regardless, I believe NEM is still a good buy for short or long term.
More details on why I am holding long term are on my previous chart.
Good luck!
XEM - Cup and Handle ? - chance to open the way to 10.000 satsThe next 24h/48h will us show the way to Hallelujah ;)
Xem/BTC Long Time to BuyGood Luck
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NEM - XEM Long term outlook with multiple Cup & Handle formationSo I'm a holder of Nem and I fully believe this is one of the platforms of the future. Lots of interesting projects in the works and already a few with real world applications which are functioning. The more I get into crypto, the more I realize how many of these coins or tokens may never see light of day, or could be several years down the road. Lots of interesting and ambitious projects, but for my core holdings, I prefer currencies which are working now. NEM is one of those and with new projects coming, upgrades in the works (catapult), new marketing initiatives, etc etc, I can see this scenario playing out. Will take time, but this chart is possible by end of the year IMO.
I'm projecting cup & handle as the first half is formed already, and NEM seems to currently have a tendency of forming this particular pattern. Short, medium and long term charts all show this pattern. So let's see...
NEM long- great entryThis is it now, great entry this will soon catapult higher :)
Make a stop loss 10% lower of trend line(just in case).
Double top formation partially fulfiled.So it's time to longs on this pair. My first entry is @ 7030sat
Double top!Double top @9000sat so this is played now down to 6500sat area. This is very shortterm short however;)
NEM 3x until 2018New NEM's project CATAPULT which will be realized until 2018.
A major challenge for financial institutions is the inherent inefficiencies of multiple ledgers within their systems. A blockchain solution with multiple ledgers for multiple assets provides a transformation approach to addressing this issue. We present the all new Catapult blockchain solution platform based on the original NEM technology and concepts. An open platform, the solution is designed to bring down the cost of implementation and ownership, and is a solution that will power the present and future needs for blockchain driven solutions. The Catapult solution is architected to allow for easy integration with most applications, and therefore is agnostic to existing banking standards. It allows for interoperability between blockchain instances thereby permitting shareable and non-shareable data to co-exist in a homogenous environment. This paper is intentionally written to address a wide spectrum of readers.
Full information about project BELOW
XEMBTC Daily reversal on Moving AverageThe Moving Average has finally went bullish on XEM, We have some good buy volume coming in again, I expect it to get a short term pump into a bullish trend.
Situation on XEMBTC compared to XEMJPYAs i wrote in my previous idea, fiat pairs are now much more suitable for me to analyze and trade.
NEM coin (XEM) - long term bullish trendline respectedIf Bitcoin breaks the long term 3000USD price barrier signalling a new bullish run I would expect XEM to fully recover after it's nearly two month long bearish run.
Everything depend on Bitcoin price and hardfork situation. If Bitcoin starts a new bullish wave we can expect many altcoins to rise fast, since most charts look similar: an insane run of the summer begining is now corrected but overall 2017 trendline upwards is still on.
I also would give high probability for Bitcoin to move upwards due to:
* Lower amounts of Bitcoin in exchanges
* People are likely to cashout their BCC instead of BTC for profits, since this is basically free money.
All eyes on Bitcoin, stop loss under the long term trendline (0.00005090).
