NEM. Consolidation on the downtrend.In our previous review of NEM, we assumed a decline from $ 0.75 to $ 0.35 and a return to $ 0.75 from below. The first part executed perfectly: the fall happened and reached exactly $ 0.35 But the subsequent rebound reached only $ 0.65. Well, maybe that's all the buyers can offer. A move to $ 0.75 is still possible, however we do not recommend waiting for it while in the purchase. The game of bounces does not mean procrastination: there is profit and a hitch rebound - close and rejoice in success. Technically, the picture of XEMUSD in recent days is a consolidation on a falling trend Therefore, the most promising strategy in terms of financial profitability is to open positions for sale at take-offs and close positions at support levels fixing the profit. At the moment, a good range for sale is $ 0.65-0.75 For repurchase of short positions: $ 0.3- $ 0.4 With confident fall from $ 0.35 down, the next support level is at about $ 0.2 We wish you profitable deals and follow our reviews!Shortby icexch3
Now Mr. Market...tells long. Target 0.86$ Previous bearish H&S formation seems to be fulfiled only partially (around 50% in terms of logarithmic chart). Invalidation line for this formation is of course orange line.Longby orminlangeUpdated 0
XEM/USD Cryptocurrency Markets Haven’t Stabilized YetHere we have XEM/USD on the 4H chart. The past two to three days have been somewhat positive for most cryptocurrencies as ETC/USD, LSK/USD in existence. After a terrible weekend and start to the week, most markets have reclaimed a lot of lost value. We are still months, if not years, away from seeing new all-time highs across the board. NEM is one of the few altcoins to have lost value relative to both USD and BTC in the past 24 hours. As we can see the current NEM price dropping below $0.55 again, things are not looking all that impressive. Even though the NEM price reached US$0.60 following the massive dip to US$0.40 a few days ago, things are now starting to head in the right direction. I am expecting XEM to get back up to the higher levels soon but slowly. Bare in mind, that Now we are seeing a minor NEM price correction, there is a new buy opportunity for cryptocurrency holders looking to diversify. Bare in mind that NEM rise hit an all-time high of US$1.90 (03-01). Dont forget to follow if you want to be noticed by oliviermo753
XEM/USD - 2/8/2018NEMs price is holding up strong while many others continue to decline. At a recent peak in the price, XEM created a head and shoulders pattern which sparked a reversal and a bearish push until the EMA(200) and around the 2/1 Gann fan line. This push has now completed the head and shoulders breakout and the price is ready to rise once again. The price has used the EMA(200) on 5 occasions since July (including the current testing of this level), this brings me confidence when claiming that the price is expected to start its bullish push once again to continue its long-term trend. This level is also backed and supported by the 78.6% fib retracement level and the fact that the RSI was very recently oversold. There is currently no divergence but seeing as though the volume is expected to become bullish again when the RSI increases, the price will increase accordingly. Due to the head and shoulders patterns breakout completion, the neckline of this pattern becomes a strong resistance level which is the basis for the first price target in the bullish direction. The second is characterized by the top of the right shoulder and a level the head used as support when it was almost completed. Important Resistance Levels: $1.29, 0.839 Important Support Levels: 0.357 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analystby EQBM3
NEM , long-term Buy opportunity of XEMUSD, Don't miss itTechnical analysis: NEM is in Down Trend but Beginning of uptrend is expected. In Daily chart , A two-day hammer candlestick pattern was formed which is the first sign of the beginning a Bullish Trend. In 4-Hr chart , There is a valid and clear divergence. The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 38 . Trading suggestion: Price is in the support zone (0.516 to 0.336), traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (0.516) .Ending of entry zone (0.336) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take profits: TP1= @ 0.850 (First Target) TP2= @ 1.151(second Target) TP3= @ 1.305(Third Target) TP4= @ 2.146(Fourth Target) TP5= @ FreeLongby ForecastCity2213
next 3days will show ushi all it looks neutral but after 3 days we will know the clear direction on weekly it still bullishby mostafamas110
The same as in case of Ripple...accumulation levels for longterm should be much lower than the current price.by orminlange226
Long or short?However short is still not possible for XEMUSD on exchanges, You can only sell and try to rebuy Your stack lowerby orminlangeUpdated 1
NEM Coin WavesNem coin still trading upwards, where each wave is getting larger. XEM/USD reached an all-time high when it hit $2 resistance. It corrected back, down to the support at $0.67, which previous also acted as a resistance., Price rejected the support and the 4/1 Gann Fan trendline and perhaps now is the time for yet another wave up, that should be bigger than the previous two. The Fibonacci applied to the previous two corrective waves down show that the strong resistance is based at $3.6, which should be considered as the next upside target.Longby CryptoPAMMUpdated 1115
New Economy Movement (XEM/BTC): Initial Impulse WavesNew Economy Movement (XEM/BTC) has been stolen! $400 Million worth of it from Coincheck! So how does news and events that like this effect the price? IF price is driven by news and events...shouldn't XEM be crashing? Hmm. Tons more Analysis on my blog: steemit.comLongby Haejin2211
XEM GOWe break out resistance line, next will be an resistance level (previous maximum) and new fibonacci level (green line). Stochastic says that market is oversold. Our team stay believe in XEM Long term!Longby iqo2
Bulls raging onIt is approaching the first resistance level at 50% FIB level, it may or may not retrace. If it does not, it would continue to go upward to 618 FIB level and retrace before moving higher up.Longby dchua1969Updated 0
You can't keep a good XEM down! Or can you?XEM has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage. We have good buying pressure from 0.80c and I would expect strong support at 0.90c. Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1. Current resistance is between $1.2 and $1.3 and we could see a nice little run if the bulls can push the prices past those levels. Join the best Crypto Trader Hangout for freeby saintbitcoin555
NEM. A signal for sale. Target at $ 0.2On the day before yesterday, a sell signal was spotted on the daily chart of XEMUSD, it came from the indicator "Crossing moving averages" Since then, the price did not bounce back, exacerbating the bearish picture. According to the wave analysis, the bulls have a chance: A down correction A-B-C, for a large growth wave from $ 0.2 to $ 2, is over. And now a new 10-fold growth to $ 8- $ 10 within a month should begin. However, while the "Crossing of moving averages" indicator is on sale, we recommend to play the short game. For this, it's good to use the growth attempts to $ 1.2 - $ 1.3 and open short positions there. The goal of the decline is now close to 0. But if we bounce back to $ 1.2 then the target goal will be just at the support level $ 0.2 - where this 10-fold December growth begun. The reverse of the trend to “buy” will be possible only above $ 1.5Shortby icexch223
Bittrex XEMUSD High Risk : Reward Ticker: XEMUSD - Bittrex - 15m Analysis: 1. Pattern: Rising Wedge - Bearish Reversal 2. Divergence: Bearish Regular - Bearish Reversal (with Volume and Squeeze) 3. Squeeze: Long, (20h period squeeze with lots of up side) - Bearish 4. ADX: Trending down, current: 13.55 - Uptrend losing strength 5. WT-Cross: Positive Bullish Cross - Neutral Decision: Close long/ Short sell R:R: 8.15 Shortby duyanh.ngnUpdated 0
XEMUSD in BUY ZONE!XEMUSD has made a 5 wave pullback structure right down into the buy zone, major resistance within this area, wave counts within chart which show the first major wave of a massive run to come. Longby joe24111
Crypto Currency Nem / Dollar = BUYThe best entry point to BUY = LONG-TERM Chart 1 Day Longby ReaLTraderUpdated 222
Sell XEMUSD from 1.50 level.Price has currently stalled at 1.50 level. It is a resistance level from where the price has bounced off before. The price action is very weak in this area at the moment as well, pay attention to the small candles formed and how the price is struggling to go higher. SL at 1.5220 TP 1 at 1.30 TP 2 at 1.10-1.20 by ArmandsTrencis1