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NEM

NEM/XEM ARISE!!!After forming a double top pattern, the inevitable fall came and XEM / NEM was forgotten by many, being the fourth most important coin in the ranking of the crypto market. Following Bulkowski's theory about the Adam & Adam double top pattern, where levels A, B and C are marked, and then take a change in the trend towards a bull market. coinmarketcap.com We will have to get around the kumo and not get into it, to achieve the target price. As one of my 3 favorite coins and thanks to her having done in February of this year the best trade so far, I hope we continue to give us great joys. As always, greetings to all and thank the followers for the feedback, likes and good vibes. Stay strong, keep bullish! Thank you
Long
by AndresThomasShirakawa
XEM-BTC analysisI fast analysis from NEM crypto-currency (XEMBTC) mainly based on Pitchfork trend, where Pitchfork is all about to respect the zones blue and green, and lines such as median line, bottom and top blue lines and their intersection between the blue and green region. So, bases on 4hrs time-frame it is possible to see that we have a interesting trend. Until it is possible to notice, the market is about to test the region where is located the Exponential Moving Average (EMA) 50 periods. Then, in case this EMA 50 hold the the price, it is possible to make a entry in this asset; nevertheless, a short time-frame analysis in necessary to refine the entry. However, it is still necessary (in my opinion) wait for a reversal signal based on MACD . Even though MACD and RSI do not show divergence, it is clear that at least MACD did not show a change in its signal line, which means that the price will keep falling/testing EMA 50. Bollinger Bands show us the price bellow its base/median line, which means a possible continuation of bearish movement. To interact with this chart, please click below in RELATED IDEAS For analysis based on Ichimoku Cloud , please click on the reference link below RELATED IDEAS.
by lc_parente