XRP Accumulation for 100% returnI believe we are in a prolonged, multi-asset bear market.
With that said we have not had a significant retracement for months. We are overdue both in time and price.
A break of the recent lows will do the following:
1. Stop out any currently accumulating bullish positions with stop losses
2. Trigger entries for short sellers expecting a larger downside move (creating liquidity above for buyers)
3. Increase overall fear, making it difficult for retail to buy
To me it looks like a perfect storm for price to catapult up to .60+ at which point I would highly recommend taking profits as the aforementioned bear market has not yet ended.
Catapult
XEMBTC SOON BREAKOUT
XEMBTC situated into a falling wedge which means we will have a nice upward breakout. Stochastic at 1D it s oversold and MACD also slowly will curbate up
What is important also,we have SUPPORT from ichimoku cloud at 1D timeframe so we can make few bucks with this trade.
We have fib supp at 1658 sats but here also it s a good entrypoint
XEM BTC REVERSAL 300% MINIMUM potentialy increase
XEMBTC is in uptrend now and will going up like a skyrocket.Firstly,what we need to understand the history will repeat itself once again.
Soon we have a golden cross at 1week timeframe which means a BULL REVERSAL.Last two times when was made this cross XEM increased by 1813% and 1102% and now we can make 370% MINIMUM which means 61.8% fibonaci target.
StochRSI it s overbought but when a coin make reversal this stoch can be remain here.
RSI going up which is a bullish sign also
MACD Bull Cross
Don t forget about catapult release and what usecase will have.
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: Harmonic and Fib Extention Safer buy above the resistance line. Up trend remains Intact.
Both Bat and Fib rations shows a clear sign to go long. As trades doesn't work with formulas put SL trigger.
NEM 0.29% is fairly stable at the moment, they plan to release Catapult maybe August. I think that will push the price up again, so maybe its a cheap buy now. For more details on CATAPULT look at this video. (Long Term)
Target 1: 9992 Target 2: 11019
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