XEMBTC trade ideas
$XEM, Flaoting….
Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum is in favor of bulls. Expecting momentum to slow down, resistance at 1600 looking for a sell off here. Support found at 1400, will watch smaller timeframe for entry. Last time we saw 1400-1600 satoshis was back in March 2017.
Daily
Shifting over to our pattern timeframe we see price failed to form a higher high 1535, support found at 1400. Today’s candle opended 1433 with a high at 1450 and a low of 1420. Stochastic RSI showing momentum in favor of bears, expecting price to break below 1400. A daily close above/below our levels shown activates our trade.
BTC XEM MOONTIME HISTORY
I was checked XEM history a bit. In this picture we see the first accumulation phase beetwen 8 feb 2016-30 may 2016 and after we can see a nice pump
Second accumulation phase was beetwen 7 sept 2016-6 feb 2017 after a hugeeee puuuuump and now..also we are in accumulation phase and we have a very huge bullish divergence at 1week timeframe.
First fibonnaci target and also ichimoku cloud resistance are in 0.236 fib which means 0.00003444 sats
It s not much to say about this chart,we have bull divergence,accumulation phase and after we are mooning!
Enjoy
Reverse Head and Shoulders PatternI see an inverse head and shoulders pattern that could be extremely bullish with volume confirmation. Trading above the hammers right now is also very bullish, considering the most recent long-handled hammers are confirmed by large volume spikes.
Another green volume spike should send the price back up.
NEM (XEM) 10% or more pattern.
Hi, NEM looks great in the chart now, so I buy a little bag.
There is possible scenario, that history will repeat again, in this case we can take 10% fast.
Similar chart after drop 8days accumulation and Nem up 150sat 10%
Bollinger bands wait for some movement.
Target: 1570-1620sat
Stoploss: 1395sat
XEM rocket is ready!!The bullish trend is setting up with the signals of SAR and oscillators. The volume is so bottom and the scenario in yellow box is compared with the previous pump.
This is so possible with the hot events coming at the end of 2018 with the enterprise version released.
Buy and hold for huge profit with the expectation at the old high for forming the triple top.
Good luck.
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 44.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001430 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001430)
Ending of entry zone (0.00001200)
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= @ 0.00001780
TP2= @ 0.00002170
TP3= @ 0.00002430
TP4= @ 0.00002930
TP5= @ 0.00003880
TP6= @ 0.00004760
TP7= @ 0.00005400
TP8= @ 0.00006640
TP9= @ 0.00008610
TP10= @ 0.00009630
TP11= @ 0.00011880
TP12= Free
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 44.
. While the RSI downtrend is not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001430 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001430)
Ending of entry zone (0.00001200)
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= @ 0.00001780
TP2= @ 0.00002170
TP3= @ 0.00002430
TP4= @ 0.00002930
TP5= @ 0.00003880
TP6= @ 0.00004760
TP7= @ 0.00005400
TP8= @ 0.00006640
TP9= @ 0.00008610
TP10= @ 0.00009630
TP11= @ 0.00011880
TP12= Free
Simple Price projection: 100% gains?Looks like last time, i was a little off, but the drop was short, so it looks like we could be in reverse actually..
Support must hold
Fractal on Sep 12-13 was a SPOT ON!
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation.
Thank you,
Ajion
NEM is MEN spelt backwards!You'd have thought with a name like NEM that the obvious ticker name would have been NEM. But no, we're stuck with XEM!
For those of you that aren't already familiar with NEM, NEM is a highly regarded Chinese blockchain project to compete with Etherium, EOS and others. What gets people super excited about this particular blockchain is that they appear to be viewed favorably by the Chinese Government, and with China being a huge market, that gets people all hot and sticky!nity
Right now NEM is at bargain basement levels and looks like it could be ready to head higher. While there is certainly a short term trade opportunity here, I really think this could be a 10x from here if you're prepared to hold it long term.
Take a look at this weekly chart....
NEM weekly moon chart!
It's looking pretty delicious, right?
I think there could be a small downwards move from here, but our potential upside is HUGE.
Please like and follow for updates and new trade ideas.
XEM prospective long-term investment#NEM
If you open a weekly chart, you can notice the huge oversold of this market. At the moment the price is at its minimum levels, where a new wave of growth can start to form. There is a good opportunity to start opening long-term investments, but one should take into account the possibility of lateral movement and fluctuations in the near future, which will make it possible to buy lower. Always use money management and risk control. In general, NEM has great potential, excellent technology and great popularity in Asian markets, which in the future will not leave a coin for its minimum values. Based on the schedule, the market is ready to form the ground for the upward movement by the end of the year, after which it can get another impulsive breakthrough with target areas near Fib resistances, the result of this scenario will be a profit from + 270% to + 800%