NEM Price Analysis (XEM/BTC)
Today, the opening times mirrored a drop of 4.48%. The coin slipped from 0.00000484 BTC to 0.00000462 BTC. The present cost of NEM is 0.00000461. Inside the initial couple of hours, the value bounced to 0.00000461 BTC by 6.22%. XEM has denoted a total drop of 4.71%, since the morning. XEM began managing at 0.00000434 BTC.
Further, there was another acceleration. This time the value counter changed from 0.00000450 BTC to 0.00000489 BTC by 8.60%. The day shut with an upsurge of 11.60% at 0.00000484 BTC.
News Source: TheCoinRepublic
XEMUSD trade ideas
XEMUSD formed bullish BAT |Upto 145% expectedPriceline of NEM / US Dollar has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
But Volume profile of complete pattern is showing that traders are still interested to trade below the PRZ area and MACD is still bearish moreover the Stochastic is oversold but did not give bull cross sofar, so for secure trade we can we can wait for MACD to turn weak bearish or stochastic to give bull cross then buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.05332389 to 0.04410869
Sell between: 0.07502190 to 0.10839231
Regards,
Atif Akbar (moon333)
Will XEM make it’s place in Top 5?
NEM (New Economy Movement), propelled 31st March 2015, is a shared cryptographic money just as a blockchain stage that principally centers around giving security to the digital money resources. Adding to this it additionally includes in changing the calculation into a significantly more adaptable one.
NEM Price Prediction
NEM has been a dependable stage due to a few reasons and one of them is the way that it effectively reacts at whatever point there is a spammer who wrongfully meddles into a system. Truth be told, NEM closes them down also.
News Source : TheCoinRepublic
NEM Price Analysis XEM / USD: Short-term BounceNEM / USD Short-term price analysis
The XEM / USD pair has a bearish short-term trading outlook, with the cryptocurrency still trading well below its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that the bearish breakout from neutral wedge pattern has reached its full downside projection, prompting a minor technical reversal.
Technical indicators on the four-hour time frame are attempting to move higher alongside the recent near-term recovery in the XEM / USD pair.
Pattern Watch
Traders should monitor technical tests back towards the neutral wedge pattern.
Relative Strength Index
The RSI indicator is rising on the four-hour time frame, although it has yet to turn technically bullish.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish, with both the MACD signal line and histogram generating buy signals.
NEM / USD Medium-term price analysis
NEM has a neutral medium-term trading outlook, with the cryptocurrency currently probing towards its trend defining 200-day moving average.
The daily time frame shows that an extremely large inverted head and shoulders pattern remains valid, despite the recent decline in the XEM / USD pair.
Technical indicators on the daily time frame are mixed and currently failing to generate a clear trading signal.
XEM / USD Daily Chart by TradingView
Pattern Watch
Traders should note that dip-buying is still favored while the large inverted head and shoulders pattern on the daily time frame remains valid.
Relative Strength Index
The RSI indicator on the daily time frame is attempting to recover, although the indicator remains technically bearish.
MACD Indicator
The MACD Indicator is conflicted on the daily time frame, with the MACD signal providing a sell signal while the histogram turns higher.
Conclusion
NEM is undergoing a strong technical rebound after the recent bearish breakout reached its overall downside objective.
If XEM / USD buyers can continue to defend the pair’s 200-day moving average, the bullish pattern on the daily time frame still has a high probability of unfolding over the medium-term.
XEM...Let's estimate time. Well, since it became so cool to watch XEM in a pair with $ ( Bitcoin can plow the whole picture, it is deceptive), then let's do some exercise.
Those moments that I have not found on other people's charts.
1. Catapult core release is expected at the turn of the 3/4Q of 2019. The market loves damn news (as if you can't buy without news, lol). Up! In addition, I mean the possibility of a whole bunch of news from NEM Foundation, which they will issue only after this MAIN event. If this is the case, then XEM breaks through 0.236 Fib and goes up.
2. I also imposed Fibo time zones, taking initial upward movement in November 2015 and the second in February 2019. Between February 3 and April 27, 2020, I expect an upward movement (will reach 0.5 Fibonacci).
3. In May 2020, Bitcoin will be halving, which will increase the total capitalization of the crypto market, the price movement may continue and reach new heights.
P.S. Estimating time is a thankless task.
NEM Price Analysis XEM / USD: Loading The CatapultFundamental Analysis
NEM is gaining momentum ahead of its Catapult upgrade. The project has recently launched a development studio to help with strategy and backend development. According to the President of Nem Foundation Alex Tinsman, “NEM Studios will be focused on creating a more user-friendly network that is built with the end-user in mind”.
NEM / USD Short-term price analysis
NEM has a neutral short-term trading outlook, with the cryptocurrency still unable to find a clear directional bias.
The four-hour time frame is showing that the XEM / USD pair is trapped within a neutral wedge pattern, following false breakouts in both directions.
Technical indicators on the four-hour time frame are mixed and are failing to generate a clear trading signal.
XEM / USD H4 Chart by TradingView
Pattern Watch
Traders should wait for a clear technical confirmation of a breakout from the wedge pattern on the four-hour time frame.
Relative Strength Index
The RSI indicator is attempting to recover higher on the four-hour time frame, although it is technically bearish.
MACD Indicator
The MACD indicator on the four-hour time frame is conflicted, with the MACD signal line and histogram generating opposing trading signals.
NEM / USD Medium-term price analysis
NEM has a bullish medium-term trading outlook, with the cryptocurrency still trading well above its trend defining 200-day moving average.
The daily time frame shows that the XEM / USD is still trapped within a large sideways price channel, with bulls struggling to move the cryptocurrency into a higher price range.
Technical indicators on the daily time frame are mixed and are currently failing to provide a clear trading signal.
Pattern Watch
Traders should note that a large inverted head and shoulders pattern can also be seen on the daily time frame.
Relative Strength Index
The RSI indicator on the daily time frame has a slight bullish bias, although the trading signal is fairly weak.
MACD Indicator
The MACD Indicator is currently neutral on the daily time frame and failing to generate a clear trading signal.
Conclusion
Short and medium-term indecision is currently weighing on NEM, with traders increasingly unsure which way the cryptocurrency is likely to break.
A fundamental catalyst may be needed before the XEM / USD pair picks a clear directional bias and breaks free from its current neutral trading stance.
#XEM/USD We are taking off shortly. Please fasten seat belt.Good evening ladies and gentlemen, welcome aboard XEM Airlines flight #XEM/USD and #XEM/JPY with service to the Moon.
We expect the departure time at the airport will be almost on schedule at about a couple of day in the local time.
(It will come by at the beginning of the month July or to mid at the latest.)
If you need to leave your seat please return to your seat as soon as possible.
According to the latest information, we may have some turbulence en route.
Please make sure to fasten your seat belt.
Firstly, I’ll now show you our safety demonstration.
Please check the my previous post below.
- As a reference of XEM’s departure schedule. #01
- As a reference of XEM’s departure schedule. #02
To tell the truth, I hopefully you will choice a JPY flight, but USD is also fine.
I’m looking forward to seeing you at the destination (moon).
Well, lastly I guess I won't be able to say it later, so…
I would like to thank you for flying with XEM/USD and XEM/JPY.
I wish you a pleasant day here in the moon. Thank you.
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis:
. NEM/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0630). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0850)
Ending of entry zone (0.0630)
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= @ 0.1330
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4567
TP7= @ 0.7177
TP8= @ 1.1405
TP9= Free
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis:
. NEM/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0850 to 0.0630). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0850)
Ending of entry zone (0.0630)
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= @ 0.1330
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4567
TP7= @ 0.7177
TP8= @ 1.1405
TP9= Free
Imminent breakout due bullish pennant and divergence Hello fellow traders,
not much to say, one may expect a target between 0.11 and 0.12 if the pennant plays out (blue paths), probably it's going a lot higher mid term if it breaks the ascending triangle (violet paths).
See the attached longterm projection of XEM which has been quite accurate for 1.5 months.
One may buy in now but I suggest to wait for another bounce of the pennants support.
So the target price for a buy is between 0.082 and 0.084.
My advice is to buy in in steps of 20% or 25% of your planned allocation over the next few days.
Which should be between 10% and 15% of your equity.
Im not a professional financial consultant, so this is for educational purpose only.
Trade safe
#NEMUSD #NEMUSD
Buy: 0.09225000 - 0.08302500
Target 1: 0.10147500
Target 2: 0.11070000
Target 3: 0.12915000
Target 4: 0.16605000
Target 5: HOLD
Stoploss: 0.07887375
Invest: 3%
Risk/Reward: 10% / HOLD
Ps:
if XEM fail to breakout in next 24 H probably we will cancel this signal and wait for lower entry
About Trading With USD Pairs
Most of this Pairs Only Traded vs BTC
We Set Some Signals vs USD
for many reasons
Anyway, Trade vs USD is the Same thing as trading vs BTC
if You don`t Found USD Pair at Exchanges
you can buy it vs BTC But Keep eyes at Movement vs USD Not BTC
to gain targets or take Sl etc
by this way, u can trade all pairs vs USD
We ask Allah reconcile and repay
XEM/USD in a channel formationPrice made a bullish move and has moved above the resistance line. It is now in between the support and resistance that have formed a channel formation in the past. We are expecting the price to make a bullish move towards the upper indicated blue line, that is acting as a resistance. Before that, another small bearish move to the support line can form.
We wish you good luck with your trading!
XEM/USD in a channel formationLooking at the price chart, we can see that the price has just made a third bounce off the line that has already acted as both support and as a resistance in the past. It already made a small bullish move, but we are expecting this bounce to go higher. More accurately, we are expecting the price to touch the upper indicated line, that is acting as a resistance line in a channel.
Go ahead and check out our new website:
www.quantum-tech.net
Feel free to grab a copy of our Free Weekly Market Outlook here:
mailchi.mp
We wish you good luck with your trading!
XEM/USD waiting for a bearish moveLooking at the price movement, we can see that it make a bearish breakout below the area that has been active as both support and resistance in the past. We are now waiting for the price to touch this line from beneath. If we get a bearish bounce as a response after that, we consider it as a confirmation of a bearish breakout. In our minds, that means, that the next bigger move should be bearish.
Feel free to grab a copy of our Free Weekly Market Outlook here:
mailchi.mp
For more content follow us on Instagram and Facebook:
www.instagram.com
www.facebook.com
We wish you good luck with your trading!
XEM/USD waiting for a bullish bounceWe can see, that the price has made a break above the indicated support line. In most of the cases that we see, the price usually goes above the support line, and then makes a bearish correction back to the line, that is now acting as a support. Then we usually see a bullish bounce. That is exactly what we are expecting here. A small bearish retracement to the indicated support line, then a bullish bounce from the line.
Feel free to grab a copy of our Free Weekly Market Outlook here:
mailchi.mp
For more content follow us on Instagram and Facebook:
www.instagram.com
www.facebook.com
We wish you good luck with your trading!
There is a possibility for the beginning of an uptrend in NEMUSDTechnical analysis:
. NEM/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
. The RSI downtrend 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 (0.0850 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0850)
Ending of entry zone (0.0634)
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= @ 0.1330
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4567
TP7= @ 0.7177
TP8= @ 1.1405
TP9= Free