NEM XEMBTC --LONGI am active on triangle breakout trade earlier, but still it did'nt kick off, after reanalysis i found that it ma day trigger with in a week or 10 days time as soon as reaches trendline support, looking for a rebound. Once it will rebound from trend line , the price will be sky rocket...almost doubled what currently is 0.23 usd and it may reach upto 0.45 to 0.5 usd level.
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XEMBTC trade ideas
NEM/BTC - Reversal Bulls I'm currently looking at NEM/BTC to do a reversal back up from its journey down with the bear.
I have marked the areas for stop loss if you enter a buy on day/weekly trading etc. If it does break past that point, I would recommend you sell and then find a better entry point for the strong bulls push up for sure.
XEM BTCIM NOT A PROFESSIONAL TRADER, BUT HERES MY POINT OF VIEW
XEM ITS BREAKING THE LONG TERM BULISH TREND LINE, AND AT THE SAME TIME THE 50 MA
I CANT SEE TOO MUCH BULISH POWER HERE SO I'LL GO SHORT
PRICE MIGHT GO TO THE NEXT SUPPORT LEVEL AROUND .00005 - .000051
EVEN IF SOTCH ITS OVERSOLD, NOBODY SEEMS TO BE BUYING IT
NEM at crossroads, to the moon or doomNEM is about to touch the 50 days Moving Average, which coincides with a long term trend line which has acted as support for months. RSI at 3 months low, and MACD close to zero also at 3 months low. Look out for up movements, but wait a bit for some consolidation (it is coming a bit too strong and could break down, no need to hurry if uptrend is confirmed going to the moon).
XEM-BTC analysisI fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend.
Until it is possible to notice, the market is about to test the region where is located the Exponential Moving Average (EMA) 50 periods. Then, in case this EMA 50 hold the the price, it is possible to make a entry in this asset; nevertheless, a short time-frame analysis in necessary to refine the entry.
However, it is still necessary (in my opinion) wait for a reversal signal based on MACD . Even though MACD and RSI do not show divergence, it is clear that at least MACD did not show a change in its signal line, which means that the price will keep falling/testing EMA 50.
Bollinger Bands show us the price bellow its base/median line, which means a possible continuation of bearish movement.
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For analysis based on Ichimoku Cloud , please click on the reference link below RELATED IDEAS.
NEM (XEMBTC) Main Trend Update: Triangle Pattern IdentifiedSince late May NEMBTC has been trading sideways. The main trend remains positive, but the short-term picture isn't that obvious: the Triangle pattern speaks of indecision among traders. It's not clear whether wave IV has been completed. In any case, I suggest employing the break-out strategy with triggers set @.7957 and .9499 levels (see chart).
XEMBTC Opportunity to BUY soonI see that XEMBTC is down to test support line and
hopefully it will bounce up , buy when see signal BUY
If there is a bounce , the price will go up around TP that I place as 1st Target profit
Trade with care
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