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
Nembtc
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
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
This caterpillar will become a beautiful butterfly?since we know that all XEM users will receive 1 to 1 catapult tokens, and at the same time, the XEM network will continue to function, we come to the conclusion that a bearish trend will end soon
Paired with the dollar, we can see consolidation.
If in the next month, there will be no catch from Bitcoin, we should see a breakthrough, a falling wedge
The caterpillar will again become a butterfly
$XEM, Gaining momentum as POS + Consensus release$XEM
Gaining momentum as we are close to the POS + Consensus release ++ (remember $WAN)
Currently crossed over resistance level at ~480 and retested with BTC drop
If continuation follows, then aiming for multiple targets on the way up
UCTS Buy signals & Volume rising.
#XEM
NEN (XEM) Downward wedge. First profit + 70%. Potential + 300%NEN (XEM) Downward wedge. Which can become a reversal pattern of a downtrend. Everything is on the chart. First goal + 70%. Potential + 300% But also as an option, the price may simply not go further down, but just flat in the same price range with little volatility. For example, this happened with GTO, ZIL. Have a look at related trading ideas. There the price is clamped - there is a set of positions at certain prices acceptable to a large player. Inside the day, they trade well in a glass without risk, for a major player.
NEM/BTC possible moves
This is the few Alts which no one is talking about, also the best coin to gain profits as in every short bull run this coin has performed
quite well.
Nem/Btc formation of positive divergence, wait for entry around the support area.
XEMBTC formed a bullish butterfly | Upto 193% from herePriceline of NEM / Bitcoin cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
The price action is hitting the strong support at 0.00000477 sats which is not broken since 2016.
After hitting the support the MACD turned weak bearish from strong bearish.
RSI is already oversold.
Stochastic is oversold but did not give bull cross so for safe trade we can wait for bull cross from stochastic.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000495 to 0.00000189
Sell between: 0.00000728 to 0.00001298
Regards,
Atif Akbar (moon333)
Resistance line to be broken so that Alt season can beginThis XEM chart tells us when Alt season can begin. If we watch it carefully, whenever has been tested as support and held, Alt season begun. When tested as resistance and couldn't be broke, all Alts fell heavily. Bitcoin runs the show and its near term price action will dictate if Altcoins would be a good trade. If Bitcoin price wwill range for several weeks in the actual level, it could give Alts a chance to breath. So pay attention to the following resistance line and be ready.
XEMBTC formation of gartley completedThe priceline has completed the formation of gartley pattern and entered in PRZ area. The 50MA support is already in potential reversal zone and from here the price action can take bullish divergence soon insha Allah.
The targets are:
Buy between: 0.00001059 to 0.00000914
Sell between: 0.00001176 to 0.00001453
Regards,
Atif Akbar (moon333)
G20. Director and Co-founder of NEM Ventures, said :
June 9 G20 meeting in Fukuoka, Japan, the G20 finance ministers, and central bank governors filed a request with the Financial Stability Board (FSB) to monitor cryptoassets-associated risks.
Finance ministers and central bank chiefs from the Group of 20 (G20) major economies asked international organizations, including the International Organization of Securities Commissions (IOSCO), Financial Action Task Force (FATF), and the Financial Stability Board (FSB), to consider working on additional multilateral responses as needed, and showed support to the ‘draconian’ KYC-related suggestions that would affect virtual asset service providers and their clients.
The regulators said crypto assets do not pose a threat to global financial stability at this moment, but they shall remain vigilant to risks related to consumer and investor protection, anti-money laundering and countering the financing of terrorism.
Dave Hodgson, Director and Co-founder of NEM Ventures, said that the FSB’s analysis of decentralised financial technologies and regulatory challenges is encouraging, adding that he looks forward to more concrete recommendations in the future. He said:
“It would be beneficial to hear from the FCA in the UK and the SEC in the US as they have thus far been quiet on their preferred approach. As a result, companies have been reliant on self regulation combined with hefty punishments in these jurisdictions for those who have fallen victim to this regulatory uncertainty.
It is also critical to consider the role that proactive regulators such as Gibraltar, Malta, Bermuda, Switzerland, and Germany will play – as regulatory certainty will allow the population to operate how it wishes, while being legally compliant.”
The joint Communiqué says:
“Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.”
However, after optimism, the authors of the paper raised concerns over new technologies saying:
“While crypto assets do not pose a threat to global financial stability at this point, we remain vigilant to risks, including those related to consumer and investor protection, anti-money laundering (AML) and countering the financing of terrorism (CFT).”
Except for the risks, the document notes that there are also benefits of blockchain for the economy:
“Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy.”
The G20 leaders reaffirmed their commitment to applying the recently amended FATF Standards to virtual assets and related providers for Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT).
“We look forward to the adoption of the FATF Interpretive Note and Guidance by the FATF at its plenary later this month.”