NEM
XEM - Nem - BTC 1 D - good accumulation and ascending triangle |We have a good accumulation of XEM
The exit occurred at an increased volume - which is also a good sign of a trend.
Now the price has huddled in an upward triangle, where the price continues to move further along an uptrend.
But also I do not exclude another test of support and the trend line.
I buy in parts of 600 - 560 - 510
Goals - 730 - 860 - 990 - 1140
Cancellation script maintenance and consolidation below 380 satoshi
This is just my opinion, and is not a call to action)
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XEMBTC | Downtrend till the Fibonacci 1 levelStudy of small and large timeframe scales reveals momentum accumulation. According to technical indicators such as Directional Movement Index and Ichimoku clouds indicators combination we see an aproaching downtrend till Fib 1 retracement level where a strong support and pivot point is located.
(-DI) is above (+DI) and ADX line is much higher than both directional indices thus we will have a downtrend which is confirmed by our public Ichimoku clouds strategy you can find it in our scripts list
We will catch XEM at the bottom and enter the position around Fib 1 level. As usual targets are in the automatic premium smart trade signal's settings
NEM/Bitcoin, The Price can move up!As we need support/resistance, so this pair NEM/Bitcoin needs and has it too.
We're waiting for a little falling of Price but near Support/Resistant Level it can collect its strength and start to grow up.
Buy Zone is under the arrow.
Hope this prediction comes true.
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XEM/BTC Bullish momentumHello Traders,
XEM/BTC just broke the short term downtrend line and started to acumulated above the resistance on a ascending triangule pattern and now is poping out of the resistance, the buying volume increases, we are above the 200 moving average on 4 hours chart, so the momentum is ultra bullish.
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XEM/BTC. Retesting of the global accumulation range1. Global bottom.
2. Easy-to-identify accumulation phase and the retest.
3. Minimal risks.
4. R/R ratio is very nice.
5. The same is valid for XEM/USD.
Generally the project is doing well. There will be good fundamentals soon, so, buy the rumor, sell the news.
I'm holding some XEMs from 400-450 sat range, but it's just the beginning. The patience is the only way to the triumph.
Disclaimer!
Not a financial advice. You must do your own research and use it as the priority. Trading is risky, so trade responsible.
P.S. Some thoughts about the dominance.
XEMBTC trap they lead us into a trap and dump us 1 more time. On March 1st there will be growth, but so far we are falling.
NEMBTC fall and rise.bitcoin dominance goes 66 % there will be a denouement, Alts goes down or..., b in my opinion this is just a set of strength for flying up
NEM bull wedgethe purchase was completed, we follow the scenario - today the shot is 666 - 750 to target 900
NEM : Daiy chart, pullback expected - minor cycle bottomNow that we have looked at our view on weekly charts, lets look at the daily charts. (attached below the analysis on weekly charts, better t read that first to have the forthlooking view)
Weekly chart on the minor cycle suggests a minor pullback in the beginning of March 2020. As we are aware, price may bottom a few candles around this and we may expect last week of Feb and the first week of March to show a minor pullback. Price around $42 and $41 is an important cycle resistance/ support zone from previous weekly cycles.
A look at the candles and we can see some signs of signals of short term market overbought conditions and also RSI showing overbought status.
Wait for the pullback and then price may retest the upper resistance zone
Look out for more action on this!
Weekly chart for NEM : Bullish near term, mid cycle analysis
Lets have a look on what's happening with NEM. We are in the mid range of the larger cycle on weekly charts and we may be seeing a minor bottom on the smaller cycle as evident in the chart. This large upward spike in the chart on the weekly candle may also be a sign of exhaustion or a partial entry to a testing zone/ congestion area
$46 to $49 would be expected to be a resistance zone on the FIB ext levels. Price may test this zone and then look for support. Minor support expected between $40 to $43 levels and intermediate support between $35 to $38 levels
From RSI perspective, the November 2019 weekly bottom on the major cycle, showed a bullish support on RSI and in the whole rally that has ensued since then, we have seen price 35% over the last 12 to 14 weekly candles. Price targets were revised upwards given the bullish upwards move in Gold. Also, price has not yet shown signs of being overbought, price action may still have some upward move as indicated above
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There is a trading opportunity to buy in NEMBTCTechnical analysis:
. NEM/BITCOIN 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 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000054 to 0.0000038). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000054)
Ending of entry zone (0.0000038)
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 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= @ 0.0000073
TP2= @ 0.0000100
TP3= @ 0.0000135
TP4= @ 0.0000217
TP5= @ 0.0000294
TP6= @ 0.0000451
TP7= @ 0.0000579
TP8= Free
There is a trading opportunity to buy in NEMBTCTechnical analysis:
. NEM/BITCOIN 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 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000054 to 0.0000038). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000054)
Ending of entry zone (0.0000038)
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 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= @ 0.0000073
TP2= @ 0.0000100
TP3= @ 0.0000135
TP4= @ 0.0000217
TP5= @ 0.0000294
TP6= @ 0.0000451
TP7= @ 0.0000579
TP8= Free
There is a trading opportunity to buy in NEMUSDTechnical analysis:
. NEM/US 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 85.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0575 to 0.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0575)
Ending of entry zone (0.0455)
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 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= @ 0.0784
TP2= @ 0.1079
TP3= @ 0.1330
TP4= @ 0.1982
TP5= @ 0.2765
TP6= @ 0.3595
TP7= @ 0.4526
TP8= @ 0.7147
TP9= @ 1.1387
TP10= Free
There is a trading opportunity to buy in NEMUSDTechnical analysis:
. NEM/US 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 85.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0575 to 0.0455). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0575)
Ending of entry zone (0.0455)
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 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= @ 0.0784
TP2= @ 0.1079
TP3= @ 0.1330
TP4= @ 0.1982
TP5= @ 0.2765
TP6= @ 0.3595
TP7= @ 0.4526
TP8= @ 0.7147
TP9= @ 1.1387
TP10= Free