XEMUSD trade ideas
XEM/USD long trend aheadEven though we recently learn about China is moving for a cryptoban, XEM* is already well implemented in the east and should provide a growth in the month to come.
The recent down is probably due to the uncertainty related to Catapult and China Cryptoban rather than about the fundamentals of XEM*
The demand has a steady growth but could be slowed by a lack of platform trading the XEM* and the lack of counterparts .
In order to break the 1.09 resistance, those 3 issues have to be clarified.
The coin may stumble a little longer, as no support have been clearly identify and as the future doesn't look clear enough yet.
In conclusion, look out for the any news related and any sign of rebound.
Analysis done by The Foil
31.12.2017 03:31
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XEM/BTC TRADE IDEAThis pair seems to be inside a consolidation flag, and it could head two ways that I pointed out on the graphic. RSI shows that there's still room for growth in this market, and considering that BTC is currently going into a correction phase, it wouldn't surprise me if price breaks the downtrend line and heads towards resistance. The 1.12 dollar level could be a good entry point if price breaks the uptrend line and DMI+ confirms upward moving, and then we'd be looking to a gain of possibly 12% gain if it hits resistance and you wanna leave at that point.
I understand the fact that there's no exchanges currently trading XEM/USD but with bitcoin dipping in price we could use this pattern to analyse the XEM/BTC pair. I'm just starting to make analysis, hence why I don't feel confortable posting analysis regarding pairs with BTC because it's behavior is hard to predict.
Let me know what are your thoughts on this and if you think i've made a mistake feel free to correct me.
Peace,
Daniel
XEM / NEM - We Chat FA and Fib level analysis Dec 8th 2017Greetings
very exciting news for New Economy Movement holders and haversters
twitter.com
Inside NEM launches tomorrow with all the details on the new #wechat #NEM #wallet plus worldwide events and news galore! Join us #CryptoNews #XEM #blockchain #cryptocurrency #Crypto
at BTFD we harvest XEM by so simple techniques that we are happy to pass on, and give access to a 'busy' node just hit us up in BTFD chat : t.me
Back to XEM and TA, just some simple Fibs for profit taking ideas and potential rebuys too
the weekly chart has a golden crossed formed on the XEM/USD chart, will see how this one closes
XEM/BTC has a lot of potential and we could see reach up to 0.0001 in 2018 around $2-5 depending on bitcoin and other tings
if u bought XEM under 2k your laughing right now-, if u can afford 12-15k of XEM get in touch and we will show you how to make more!
peace and powerful trades to you all
NEM (XEM/USD) Prediction for this week Hey Everyone,
As major platforms such as Dash, NEM, Bitshares and Neo are quietly taking steps designed to bring them into the mainstream and growing rapidly which these platforms are similar to Ethereum in that they offer smart contracts and the ability to create custom tokens, as NEM adoption and development continues to grow and also as the NEM.io Foundation has announced a $40 million expansion plan, and it is building a blockchain centre in Malaysia to promote global innovation which the foundation is also working with Blockchain Global to build a cryptocurrency exchange based on the NEM platform, NEM upside direction against the American dollar.
Now it's a great time to buy NEM and the advantage is that the price is below 1USD.
NEM Range Trading After RallyFollowing the previous idea , NEM went up as was expected, although it broke above our targets and now the question is what will happen next. First of all, looking at the extended Fibonacci retracement levels based on the previous analysis, 627.2% level at $0.67 has been rejected cleanly and straight after, XEM/USD went down towards 227.2% support level at $0.35.
Currently, Nem is trading at $0.44 and while resistance and then support has been rejected a range trading can be expected. The price range should stay between $0.344 support and $0.591 or $0.673 resistance levels.
It seems that re-test one of the resistance levels would be logical after strong correction and then the resistance levels must be watched for either a breakout of rejection.
XEMUSD Trend AnalysisXEM is the #8 on coinmarketcap, recently just passing Monero!
Japan has recently just started to implement this crypto currency.
I see a wedge pattern, with a high probability of a breakout to a new high.
Recently we have been seeing newer highs as the days close by, in my opinion it is just a matter of time before it breaks off into a newer high.
You could go for a quick trade here, or holding for long term reasons might not be a bad thing either.