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NEM

XEM: Ready for reversal?Today I want to highlight a coin most of you have already heard of before. It was (and maybe is) one of the most promising cryptocoins to date and one of the Oil wells I have most profited from. Since the great May pump happened, XEM has been in steady decline and there is only little sign of reversal on the chart in my opinion. I want to highlight a few things about the current position though. XEM is one of the most endorsed picks for an upcoming rise. It was picked by several crypto "investment" groups and is a steady buy recommendation by the famous Palm Beach Group. Palm Beach once again in their October issue kept that recommendation to buy XEM up to 0.30$. And while other coins instantly skyrocketed once the Palm Beach monthly report was leaked, XEM is still trading at 0.20$. The XEM foundation president Lon Wong will speak at the World Blockchain Summit in Dubai in two days. It has been hinted that good news for the XEM project will be announced. Where does this leave us? A chart that doesn't really give us hope, steady volume and a nice setup surrounding it. I entered the market with a small sized position as the support line of May held again. I will be looking at the price development in regard to the upcoming presentation of Mr. Lon Wong. A tight stop loss order is in place at 3139 satoshis. If you follow this one, I strongly reccomend a stop loss at a level you are comfortable with. Best of luck.
Long
by PlainviewCrypto
Situation update and chart redrawing.It's simplified drawing made by me in comparison to the last one chart @XEMUSD Under 24-28.5cents area XEM is poised to sideways moves with tendency to slow sliding down (in case of BTCUSD pushing higher), or growing dumps and more blood in chart (after the topping @BTCUSD and dumping behaviour, as it was). It is now visible that XEM and overall altcoins did not participate in Bitcoins bullrun, like it was in Spring or in August. So after topping there and greater correction this can turn out badly for altcoins and XEM is not immune in that matter of course. It's really sad that i have no technical positives for "hodlers" of XEM, but maybe 2018 year and further developing of NEMs ecosystem and platform can change something in price moves. Looking historically @XEMs price moves, the autumn was the best time to accumulate XEMs cheap, and then sell it in the next year. That worked for me 2 times in a row, i'am curious if it can works one more time.
BITTREX:XEMUSD
by orminlange
1
Future of New Economy Movement (NEM-XEM)By looking at technical analysis i made on this currency, we can observe that it's moving in triangle and soon it's going to break it. We may see rapid upward movement or new hollow. In my opinion this coin has big future, because it has series of news in October and it may reach x2 or even x3 in price. Also it's approaching to 2/1 Gann Fan level, which means upward movement. What I recommend is to buy and hold XEMBTC for 1 month approximately or you may buy it higher soon.
Short
by bejaneps
7
NEM Daily butterfly pattern and 40 fig combination.Gold price has rallied from 1200 to 1320 within 2 months, while at the same time there were a little different story in the gold miners. NEM showed the best relative strength to rally about 25% in the same time period ; GG was the lagger that only rose for less than 10%. I also expect there might be a little bit catch-up play among the gold miners. The North Korea news happened just now may lead to a gap for gold price on Monday, and probably so as these gold miners. I WON'T turn bearish until I see any clear reversal sign, but if there is one, it might still be a good trading opportunity. 43 is the best SL as it's the gap, fig, and 1.618 extension, while if the reversal sign is strong enough, I don't mind to use it as my out to make it easier getting my 1:1 1st kick.
NYSE:NEMShort
by Trader_Joe_Lee