XEMBTC trade ideas
XEM / NEM wave 5After reading some XEM questions in the public chat I decided to chart down the possible XEM wave 5 preparation.
I still think XEM is in an ongoing correction from the big push it just had. It is under the 6 and 12 hour clouds with the indicators still pointing downwards. It might go up, reach the cloud but then crash down to the 618 fib level. From there I see it trying to shake out weak hands and pretty much pull off a LTC, have a long consolidation/downward movement, make bagholders tired of it and then start pushing up for a wave 5. The wave 5 will not be as big as the wave 3. Expecting it to hit around 20000 sats FOMO a bit higher maybe in the next upcoming weeks.
XEM NEM - Impulse waveTake it for a ride. Honestly I have no clear ideas & opinion about the insights of Nem.
Here, the idea, is just the repetition of the wave. The crosslines point in the support + the rendez-vous and the overall trend line make me confident.
The drawing part is just a cliché.
By following Fib lines, we can expect at least 12000 as a target, but we need more data to know the real potential . x2 is an option.
Focus on settings, timing & variables is needed here because we want to surf on a period of a wave then get out before the scum bath.
I will update.
Ideas & corrections are welcome.
Cheers
XEM/BTC: Harmonic and Fib Extention Safer buy above the resistance line. Up trend remains Intact.
Both Bat and Fib rations shows a clear sign to go long. As trades doesn't work with formulas put SL trigger.
NEM 0.29% is fairly stable at the moment, they plan to release Catapult maybe August. I think that will push the price up again, so maybe its a cheap buy now. For more details on CATAPULT look at this video. (Long Term)
Target 1: 9992 Target 2: 11019
www.youtube.com
XEMBTC - slow decay for consolidationA bit late on this call, but I see XEMBTC continuing a decay into the target zone before looking at re-entry. It had a great market cycle, so I see this move as necessary to long term growth. Could trade the channel on the way down if you're skilled at such things.
POLONIEX:XEMBTC
NEM/XEM ARISE!!!After forming a double top pattern, the inevitable fall came and XEM / NEM was forgotten by many, being the fourth most important coin in the ranking of the crypto market.
Following Bulkowski's theory about the Adam & Adam double top pattern, where levels A, B and C are marked, and then take a change in the trend towards a bull market. coinmarketcap.com
We will have to get around the kumo and not get into it, to achieve the target price.
As one of my 3 favorite coins and thanks to her having done in February of this year the best trade so far, I hope we continue to give us great joys.
As always, greetings to all and thank the followers for the feedback, likes and good vibes.
Stay strong, keep bullish!
Thank you
Consolidation maturing, NEM Long
Yellow are horizontal resistance levels.
Pink represents, the resistance trend from previous high of ~14000, it intersects with support line at around June 17th, at #1.
Orange represents, the resistance trend angle of ~10750 to ~8180, it intersects with the support line ~ June 19th, at #2.
Red represents, the resistance trend angle of ~10750 to ~9450, it intersects with the support line ~ June 21st, at #3.
The resistance horizontal points are from quite a while ago, so possibly not necessarily as relevant as they usually are, but something to consider nonetheless.
What does all this mean? I have no idea, I'm not a professional. But I think for some reason, a breakout is more likely between June 17th-June 21st, then other days.
To me, I just kinda see some things aligning up. Who knows, maybe Xem will stay within the Trend range I have there, for quite a long time until some big news is released. Maybe it'll downswing out of it, But I hope you enjoy'd the chart.