Neweconomymovement
NEM High Volume Breakout | Moving Now! (XEMBTC)NEM (XEMBTC) is printing a strong bullish candlestick to break above EMA10/50 and signal that this altcoin pair is also ready to move.
A high volume breakout above EMA50 is a strong bullish signal.
EMA50 is the magenta line (0.00000493) you can see on the chart above.
EMA100 is the blue line (0.00000570) and potentially the next target if XEMBTC closes above 0.00000511 today.
The RSI is strong at 60.57.
The MACD is on the bullish side.
This chart is bullish and is signaling that XEMBTC can continue growing in the days and weeks to come.
If the prices move down and close below EMA10, then the potential from this pair switches from bullish to bearish.
Right now, NEM is bullish, growing and ready to grow some more... All the details are on the chart.
Thanks for reading.
Namaste.
Imminent breakout due bullish pennant and divergence Hello fellow traders,
not much to say, one may expect a target between 0.11 and 0.12 if the pennant plays out (blue paths), probably it's going a lot higher mid term if it breaks the ascending triangle (violet paths).
See the attached longterm projection of XEM which has been quite accurate for 1.5 months.
One may buy in now but I suggest to wait for another bounce of the pennants support.
So the target price for a buy is between 0.082 and 0.084.
My advice is to buy in in steps of 20% or 25% of your planned allocation over the next few days.
Which should be between 10% and 15% of your equity.
Im not a professional financial consultant, so this is for educational purpose only.
Trade safe
New Economy Movement. (XEMBTC) !63% potential! How's it going everyone?!? Thank you everyone for liking and following my content! Much more to come. We will all continue to keep profiting together in our telegram chat. We actively trade on ZOOM daily! PM ME for LINK
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TRADE DURATION: SHORT TERM 1 WEEK
CHART DURATION: 4HR
CURRENT PRICE: 1817
ENTRY PRICE : 1750-1850
TARGETS : 2000-2200-2500
STOP LOSS 5% Below Entry
Key Point's
1. Support low 1700's
2. ( MACD ) - Bullish Divergence
3. Resistance 1800's
4. Binanace Volume 3,644
5. BULLFLAG PENNANT ON (30MIN)
NEM (XEM/USD) Is Technically Good Compared To Other AltcoinsCurrently, NEM' trading on the channel. It has been respecting those channel trendlines and it has made pretty good profit opportunities.
After BTC' breakout from the triangle downwards, XEM' has also come down pretty quickly but it is still on the channel and it has still an opportunity to make the higher low. At the moment, the price is a very strong support area, support criteria:
1. The round number $0.1, which works as a support
2. EMA 200 is exactly on the $0.1 and it works also as a support
3. The Fibonacci golden ratio 62% matching with the criteria mentioned above
4. Plus if we drop just a little bit lower then there is the 50 & 100 EMA's and the channel bottom trendline.
So, currently, we think that if we see a break and close below the round number then it's a first sign that we might go downwards and the full bearish confirmation would be then when we see a candle close below the trendline.
If BTC' finds the support from the current level at $6,460 then NEM' has technically a very good platform to go higher levels and if it happens it makes a new higher low but yes, as we've said, all depends on what Bitcoin' does.
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis!
If You want to get the deeper analysis and the latest crypto-news then please visit our site, the link is on the profile (u.today)!
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Best regards!
NEM (XEM/USD) - Waiting For The Big Move Upwards!Currently, the price is below the round number $0.1 which works as a resistance. NEM' has managed to break above the nearest down-trendline which now work as a support! This is a pretty significant sign because NEM' has been on the big downtrend and it has not shown any big recoveries and big pumps.
Remember what Ripple' did, it exploded and from a technical perspective, one possible reason was this that it was very far from the major down-trendline (not as other altcoins), so as NEM' right now, it is also far away from the major down-trendline and the possible pump may happen soon if the market starts to show some stability!
To be bullish we have to break above the round number and we have to make a short-term higher high (the green box higher high confirmation box). Those first steps will guide us to the higher levels:
* Blue line around $0.116 - it is historically worked support and resistance level and the price have made reversals and stops in this price level.
* Second one is around $0.14 - there we start to catch some monthly levels and we need pretty good power to push through because there comes into the play also the 200 EMA
* The final target would be the major down-trendline. (+100%)
To confirm bearishness and the area where You want to consider to sell Your NEM's would be the red box. If we get a candle close below the main counter trendline and below the "nearest down-trendline" then it would be bearish confirmation and NEM' would probably go and test the lower levels!
Hopefully, those levels and this analysis helped You out a little bit to confirm your own analysis and if You want to get deeper analysis and crypto-news then please visit our site, the link is on the profile!
Please, don't forget to hit the LIKE button to support us!
Best regards!
New Economy Movement Falling Wedge Reversal..XEM/BTC GAINS!XEM is another top altcoin which has been in a big bearish market as we can see and we can see that it has been making a reversal pattern in its bear movement and now we are at our ultimate bottoms, however we can see that we are still inside the wedge and there is still room for downward movement so we should wait for the bounce from our trend line which will get us out of the wedge and the green price zones are our targets and the blue prices are our next supports if we go for more downward movement.
As I am more of mid/long term trader the price we have now is pretty attractive for me and may be a buy in however if you are for instagains then you should probably wait for it to get out of the wedge.
Bullish inedicators:
-EWO - we had a bearish divergence which got rejected by the green wave circled in the graph, and now we are having bullish divergence
-STOCH - has started moving from oversold are and now we are going up
-MACD - strong bullish divergence on MACD (trend has made 3 touches and now we are going for the 4th one, if we bounce from this touch this is a very strong bullish divergence we are having on MACD)
Details of the trade:
Targets:
1. 0.00002029 BTC
2. 0.00002228 BTC
3. 0.00002532 BTC
4. 0.00002735 BTC
Stop loss: well if we are joining the trade now then our stop loss should be 0.00001490 BTC and we can sell there and buy at lower prices(the blue prices shown)
Buy-in: 0.00001495-0.000016 BTC and if we go for downward movement inside the wedge then you are free to buy at the blue prices.
Good Luck, Traders! #moon #mooncommunity
XEM goin longggggXEM New Economy Movement is setting up for another 3 drives, A third wave or just simply trust in the fractals and how the past proves present. Also the momentum is showing a tight ening divergence as it did in pat followined by MASSIVE gains. Which ever works for you but XEM is primed and ready as are so many others but XEM is definitely one of the more solid and established projects in the cryptosphere today. This year i BELIEVE REPUTATION AND HARD WORK ARE GOING TO BE STRONGLY LOOKED AT IN ORDER TO WEED OUT TRASH PROJECTS THAT ARE GIVING CRYPTO THE SCAMMER VIBE. 2018 IS A NECASSARRY STEP TO A FLOURISHING CRYPTO ECONOMY. long xem GOOOOD LUCKKKK
NEM/XEM TO REPEAT CYCLE WITH 450% ? - MThis is a medium term trade since we are near our demand zone. Chart is self explanatory as always. If you're a member you will be receiving updates on this trade privately. If you follow me, partial updates will be available.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
XEMBTC BITTREXXEM has broken out of its short term downtrend and is now consolidating on a strong level of support. It has held here multiple times previously and gone for good runs after consolidating at this level. It also seems to be forming a symmetrical triangle just above the support level. If BTC behaves I feel like a good push could happen with 6-12% gains depending on take profit area.
Watching really closely for a bullish engulfing candle to break the triangle.
XEMBTC UPDATEXEM has broken out of the triangle and also the downtrend. It made a strong push up over 2 4 hour candles, pulling back to the 61.8 fib level. It is now retracing to retest the previous resistance (now support). I took a risk and entered this trade before it broke out and currently i am still in. Depending where this next 4 hour candle closes will see me either holding on for my original trade target but if it is looking like it may break down i will exit for a small % gain.
Watching very closely over the next 2 hours.
XEMBTCXEM finding itself like many other coins at the moment pushed into a corner. XEM seems to have formed a double or even triple bottom.
It has not yet broken out of its downtrend so entering now is a bit higher risk.
Ideally wait for the break in trend and retest to enter.
I'm taking a risk and entering now with a tight stop loss.
A long-term trading opportunity to buy for NEMUSD !Technical analysis:
.NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
.Beginning of entry zone (0.298)
.Ending of entry zone (0.195)
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 special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
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TP2= @ 0.655
TP3= @ 0.850
TP4= @ 1.169
TP5= @ 2.147
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