Weak Short Term Fundamentals. Short to ~850NEM is fundamentally at a weak point (www.coindesk.com)
We also failed to 'double bottom' from the recent low at 1250.
That in addition to Bitcoin having no firm base in place right now; means this is all very uncertain/bearish.
The next stop down, is from the long term weekly chart, to the previous capitulation candle/wick at 850-900 or so.
"The full launch of the platform’s native engine software, called Catapult, is scheduled for later this year" -- As soon as this is either released or expected to be released imminently, this coin should go vertical again. So there's likely a lot of money to be made with this coin but wait for a substantial discount before you on-board.
XEMBTC trade ideas
NEM breaking point, possible strong move...
Hi all, NEM in this situation after rallye from 1450sat to 2150sat in correction now, but there is trendline 3x tested, and we are near.
If there will be buy interest and Nem bounce from this trendline, can be similar or stronger situation like in November. We will see soon.
Be careful, BTC is unpredictable now, I think that soon we see another drop to double bottom like in previous analysis, check it.
So I get stoploss here around 1390sat if 1D candle close under this area.
Thank you
I will be update it
XEMBTC DOUBLE BOTTOM WEEKLY Timeframe??
I m maded another chart because my opinion was changed a little bit about this trade.I tell you once again,is situated into a falling wedge which is a reversal pattern and we will have a breakout(upward movement) and also they can make a beautiful DOUBLE BOTTOM pattern at weekly timeframe which means INSANE PUMP like Waves. At stochastic we have bear cross and freefall , bull macd need to touch bear macd and also soon will be a deathcross at this timeframe which means we will going down from here a little
VPVR volume told us we are at a very very strong support zone .
To form this double bottom which is a huge reversal pattern we need to to go down around 1300 sats,if and when this played out we can make huge huge gains
Why i m expect a nice movement? Alex Tinsman & Co will release CATAPULT roadmap in q1 2019 and soon updates will come also
$NEM $XEM Moment of OpportunityThing that i love the most during the bear market is that when you can find a good fundamental one at a bargain price. NEM ultimately has been survive through out the years. It's not a surprise that they can also survive through this one and we bet so. At the time being, i'm not only can talk about it's chart but also it's fundamental background and it's development so far.
But time to be saved, it's just so obvious with the coin which having position in top 20 in coinmarketcap.com and awesome projects, partnerships and boot-camps, we believe that NEM can grow even better from today's position.
This is not a financial advice, you should check on them by yourself and use our opinion and view as only your reference, and not the only factor you should make any rush decision.
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XEM almost out of consolidationXem has been in consolidation for a bit now and has been forming a falling wedge. It's resting on cloud support and the .5 FIB. The rsi is in a falling wedge which should break up and the macd histogram is turning positive.
On the 4 hour chart there's both bullish divergence on the rsi and macd.
I'm trying to put an Elliot count on it and this is what I got for wave 2. I think were in the Wave 5 of the C wave.
Zooming in on it to look for the ending diagonal of wave 5. XEM is in wave 3 of in the 5th wave. Putting an FIB retracement it looks like it could drop into around 1677 to bottom out at.
Entry Ladder: 1709, 1677, 1602 (.618 FIB), 1573 (.65 FIB)
SL: below .65 FIB
Re-enter at .786 FIB of 1451
TP: 2579 however this can change and will keep updating.
NEM bounce area after correction, catch it now!Hi all, NEM looks now that is in possible bounce area (buy range), we saw some nice move from 12.Nov to 8.Dec (50% up), correction in progress now, if there will be 3 correction wave end, is possible strong move up. around 1700sat is most buy sell orders, so its strong support for NEM.
Stochastic oversold, almost crossing now.If there will be bounce and we see first and second impulse wave possible Head and shoulders pattern.
targets:
2000sat
2400sat
stoploss: under 1400sat
I will be update it.
If you like my work please leave some action here
Thank you
There is a possibility for the beginning of an uptrend in NEMBTCTechnical analysis:
. NEM/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001757 to 0.00001635). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001757)
Ending of entry zone (0.00001635)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003600
TP5= @ 0.00005050
TP6= @ 0.00006220
TP7= @ 0.00007400
TP8= @ 0.00009075
TP9= @ 0.00011195
TP10= Free
BTC-XEM NEM- Alt Coin Analysis - Point SystemAlt Coin Analysis - Points out of 10
Date : Since 2015 ( 7 / 10 )
Volume 24 H : 800 BTC ( 7 / 10 )
Available Markets* ( 8 / 10 )
Social Media Rate ( 7 / 10 )
Ranks ** 17 ( 9 / 10 )
Website ( 7 / 10 )
Type Smart Asset System
Overall ( 7 /10 )
i have a set buy order at around 1300 satoshi . It will be a good buy for the next bull run.
Should I buy it right now? Nope.
Will I regret if it pumps? Nope.
Japanese coin, It means we can trust :)
* Considering top 10 crypto exchanges
** Top 100 coins on coin market cap get 10 points
NEM ($XEM): ABC Correction (Zig-Zag)After the BTC had been rising a several weeks, finally Correction began. Now, it seems that XEM successfully finished Impulsive Wave-I and Zig-Zag ABC-Correction is developt.
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NEM ($XEM): Triple ZigZag vs. Impulsive Wave-1 with extensionXEM is difficult to predict now.
I can see a few possible movements:
a) Impulsive Wave-1 with Wave-1
extension = I expect retrace to 1600sats zone.
b) Triple ZigZag Correction = retracement
to 1900sats zone
So, I'm going to wait how XEM manages
re-test of 1900sats zone.
Then the next price movements will be more clear.
Generally, I don't expect that XEM will go lower than 1400sats.
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Thank you!
XEM BTC RETRACEMENT
XEMBTC situated into falling wedge and probably can touch top of this channel which is 2293 sats and after will make a breakdown(correction) after 42-57.52% gains
We have a bear cross at stochastic
MACD need a down correction but to remain bullish they need to stay above neutral zone -0-
RSI bullish, near overbought zone
Or from here 2051 sats or between 2051-2293 sats will going down to make this correction.
FIB supports are: 0.618 1963 sats, 0.50 1861 sats and 0.382 1759 sats which is also a support from ichimoku cloud. I m solded XEM at 2102,i hope Will make this correction :)
I m waiting for re-entry :) long term it s very very bullish