XEMUSDT trade ideas
XEM/USDT - 4h - Analysis published on 03/12/2021Hey guys, it’s Cosmo 😃 calling again from the Moon … and this is a quick update on XEM (NEM)/USDT (4 hours time frame).
Let's get started: Summary of the Analysis for XEM/USDT - 4h timeframe
Trends: Short Term – Potentially Bullish (opportunistic trade) & Long Term – Bullish
Crypto Screener™ (by TradingView) Rating: SELL
Technical Indicators (by TradingView & intotheblock): SELL
- Summary: 14 Bearish; 7 Neutral & 5 Bullish
- Oscillators: 1 Bearish; 6 Neutral & 4 Bullish
- Moving Averages: 13 Bearish; 1 Neutral & 1 Bullish
Fundamentals: NEUTRAL
- Circulating/ Max Supply = 100% --> BUY
- 816 out of 1,000 Fundamental Crypto Asset Score (FCAS™ by Flipside Crypto)
- C SIMETRY™ Rating (by Crypto Briefing) --> SELL
- BBB Rating with stable outlook by TokenInsight
- 95.7% out of 100% Asset Score™ by TokenInsight
- No Dynamic Performance Score™ by TokenInsight
AI (Artificial Intelligence) by CENTRALCHARTS: SELL
Multi Timeframe Analysis:
- 1h (1 hour frame): very negative
- 4h (4 hours frame): neutral
- D (1 day frame): positive
- 7d (last 7 days): very negative
My Opinion: POSSIBLE OPPORTUNISTIC BUY - Bullish over USD 0.320
My targets: USD 0.564 (+56.2%) & USD 0.865 (+139.6%) from current price level
XEM/USD experienced a big overnight dump and is down 39% on the day! … but seems to have found a bottom @ USD 0.320. Traders may consider opportunistic long (buy) positions if the price stays well above USD 0.320 (Stop Loss Level = 1st light red line below current price; -11.4% from current price level).
Please kindly note that this is a potential opportunistic trade against the current trend and against the indicators … speculating on a trend reversal. Use caution, smaller than usual trading amounts and proper risk management when following this trade!
Next resistance levels are indicated as light green lines in the chart. A bullish breakout above a resistance line would increase bullish momentum.
Signal Force (0-10): 3 = low force
We are currently trading significantly below monthly VWAP (volume weighted average price) due to the sharp overnight correction. Following this dump we should now retrace back to current monthly VWAP level (my 1st target around USD 0.564).
Please note that as a Hedge Fund Manager I would NEVER go outright long = only buy ... I always have potentially underperforming coins or tokens short against the longs!
The trick is, that (because of good research) the longs perform better than the shorts in all market situations.
Please also have a look at my other current analysis to get a full picture of the Crypto market.
Happy trading everyone … please like, follow and comment!
Published on 03/12/2021, 6:00 PM (UTC+1)
Trend Price In The Channel With Breakout Red Lineif Brekout Red Line Up - - - - > Bullish & If Red Line Breakot Down -----> Bearish
XEMUSD or NEM, waiting to returnHello my friends. Everything is clear on the chart for you, keep in your watchlist and monitor it in the circle. If price breaks the baseband and stabilizes on that, buy it. Good luck guys. If its useful like it please as a support and follow me for next analysis :)
$XEMUSD - Possible scenarioHello everyone!
I believe it's the right time to buy NEM with a short SL and massive TP.
You may mince your TP amounts in various resistances.
It is very unlikely but the price may still drop to $0.18, so bear that risk in mind too.
During the previous analysis, NEM broke the lower edge of the triangle, and the massive sell-off was due to the free NEM airdrops ahead of the launch of XYM.
Too bad that greed in this market leads to actions like this, but I'm guessing that this is the time to recover losses.
The path on the chart is theoretical, remember to either use trailing stops or move your SL or sell positions higher if you are hunting the TOP TP.
The 5 wave uptrend XEMAlmost complete correction has been done and with the divergence seen, the start of 5 ascending waves will begin soon. It is appropriate to buy a step at this point down.
Do not forget to like and follow
XEMUSDT Some Weird Analysis ( LONG)what do you think about reverse step-like parabolic curve ? i think that's a great opportunity to buy ! and soon gonna fly .. do your own research though
XEM/USDT Medium-term 2-3x profit probability!First of all, this is not investment advice, just an analysis.
I obviously didn't follow XEM a lot, but if we look at the chart, there is a high volume drop. The 0.3200 level is a very strong resistance level. He can make a comeback from here and repeat his old ascension. Maybe it can even do ATH in the Long-term form. But since we are in a falling trend, we have to put a 'Stop-loss'. Maybe we can buy from low again after the stop loss occurs. But I think it offers us high profits right now...
Finally, all your transactions belong to your decision and strategy. I wish you a good day!
Xem Usdt Buy zone approachingas you can see it was very well supported on the trend line
it is a good buying zone here and near the trend line
set your stop if 4h candle closes below the fib line under the trend line
Reversal! Buying opportunityFinally a positive signal for $XEM with the bullish descending wedge. I would buy now, and double down (especially for those with losing trades)
~ not financial advise
after the crash the price must bounce again the 0.78 is the extreme level that price can retraces, so we can anticipate price must bounce from that level to upward
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...
Follow Our Tradingview Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts.
