XEMUSDT.P trade ideas
XEMUSDT Expecting bounce from the supportXEMUSDT (Day CHART) Technical Analysis Update
Expecting bounce from the support
XEM/USDT currently trading at $0.3454
Long Entry-level: $0.320 - $0.335
Stop loss: below $0.2850
Target 1: $0.42
Target 2: $0.50
Target 3: $0.55
Target 4: $0.80
Max Leverage: Don't use any leverage on this trade
ALWAYS KEEP STOP LOSS...
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XEMUSDTHello dear friends and followers
Due to the good endometrial news of the pond coin and also the entry into several exchanges in the last few days, there is a possibility of good growth for this coin.
Comment ?
XEM potentialObviously, such an agressive pricedrop raises eyebrows, check out the explenation as to how this was caused it if you are interested to know. www.reddit.com
The other good thing to know is that prior to this (air)drop, NEM was a TOP10 Marketcap coin which has been around for quite a while, to be more precise since 2015 and that with no downtime or security breaches, XEM (the native token for NEM blockchain) will also not be replaced by XYM that was recently airdroppped, they are 2 different things and NEM/XEM are here to stay.
As the chart looks now, it will attract interest from buyers and as we can expect the dip seems to be more or less reached at these levels with higher lows over the past few days
We can assume that if more big bag hodlers wanted to dump their XEM, they are either stupid to have waited till now and would have done allready so in the past few days.
The RSI lows are up as price continued down so we have a bullish divergence , expect to see recovery from here.
It is time to buy XEMHi Everyone this is best time to buy XEM/USDT with price 0.3550$ and sell on price 0.52$ please like and commend if you agree with my idea Thanks.
Xem weekly retrace swing longCamarilla pivots and CPR on weekly levels. It will likely test the developing purple pivot around weekly close. Because carful if targeting there instead of simply buying because todays price action could alter it to retrace from higher point. average in method might be safer. Also if bbearish can wait for weekly close and sell when it tests the new weekly pivot as it likely will.
XEM ready to turn back up again if we look at three indicatorsOn the 4H chart three indicators provide reversal signals:
MACD: Almost in the green
RSI: Very overbought and turning up
RSI Stoch: Almost crossing and turnig up
xem is in good area for buy The downtrend is no longer strong and The power of sellers has also been greatly reduced, and practically no one is willing to sell at this price.
It seems to be ready to climb after a process of suffering to increase purchasing power
XEM (NEM) forming harmonic Shark pattern for upto 670% big moveHi friends hope you are well, and welcome to the new update on XEM (NEM).
From the 1st detailed videos on XEM, I have been telling you that once the priceline reaches the support of broadening formation and in the buying zone of BAT pattern, then watch for the MACD and stochastic to turn bullish then buy within the buying zone of BAT, but the price action broke down the BAT’s potential reversal zone and the support of the broadening formation as well and macd and stochastic are continuously very very bearish and giving strong sell signals.
A possible Shark pattern:
Now if we switch to the 2-day chart then the priceline is completing the final leg of bullish Shark therefore we can wait for the priceline of XEM to enter the buying zone of this Shark pattern and then wait for the daily MACD and Stochastic to turn bullish or at least weak bearish then place our buying orders. There is also good support of 200 simple moving average in buying zone.
Buying and sell targets for Shark move:
The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be:
Buy between: $0.2445 to $0.1017
Sell between: $0.4331 to $0.7836
The maximum extent of potential reversal zone can be used as stop-loss that is to $0.1017
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of 670%, and the loss possibility is also big that is 59%.
A possible bullish Cypher pattern:
Now there is another possibility with the move of XEM, because, in 2-day time period chart, the priceline of NEM has also completed a formation of bullish Cypher.
Now if on the daily time frame chart the price action does not complete the final leg of Shark and we receive the bullish signals by the MACD and Stochastic, then our buying and sell targets should be as per bullish Cypher pattern which is as below:
Buy between: $0.4804 to $0.3475
Sell between: $0.5853 to 0.8367
As per the above targets, this trade will also have a good profit possibility of 140%, and the loss possibility is also big that is 28%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XEM completed Cypher for upto 140% moveA possible bullish Cypher pattern:
In 2-day time period chart, the priceline of NEM has also completed a formation of bullish Cypher. There are also good supports of 25 SMA and 100 simple moving averages in buying zone. Now if on the daily time frame chart the price action does not complete the final leg of Shark and we receive the bullish signals by the MACD and Stochastic, then our buying and sell targets should be as per bullish Cypher pattern which is as below:
Buy between: $0.4804 to $0.3475
Sell between: $0.5853 to 0.8367
As per the above targets, this trade will also have a good profit possibility of 140%, and the loss possibility is also big that is 28%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XEM/USDTNEM / USDT Cryptocurrency Analysis -------- Educational analysis purposes. this is personal idea
