XEM: Falling Wedge Ready Next impulse !!Buy Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
XEM
NEM is a New Economy Movement. Still downward. XEM/BTC analyticsBUY: 0,00001650- 0,00001680
BUY: 0,00001480- 0,00001505
Support: 0,00001650
Resistance: 0,00001965, 0,00002127
Over the past few days, the asset price behavior has changed. If it chart was a mirror image of Bitcoin early, now NEM goes along with the main cryptocurrency.
The weekly chart says that it is likely to price fall to 0.00001480, while on the daily chart we see strong support at the level of 0.00001650. Reaching this area, the price may stay into consolidation or bounce up.
December 19, 2 times higher trading volumes were recorded, than the previous 2 weeks. However, the purchases that led to an increase in the rate ceased quickly and the whole volume was sold out during the trading session. The entry zone into the asset lies within 0.00001650- 0.00001680, in this range we open a long deal for a small part of the deposit since there is a threat of breaking the support and plunge the price to 0.00001480. Gain a long position in this zone. The first line of resistance is 0.00001965, quite strong and protected by bears. Therefore, it is necessary to monitor the activity when approaching this zone. If we break through it, then the next resistance will be at the level of 0.00002127.
There is a trading opportunity to buy in XEMBNBTechnical analysis:
. NEM/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01050 to 0.00930). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01050)
Ending of entry zone (0.00930)
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 the 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= @ 0.01210
TP2= @ 0.01290
TP3= @ 0.01410
TP4= @ 0.01600
TP5= @ 0.01750
TP6= @ 0.02030
TP7= @ 0.02310
TP8= @ 0.02700
TP9= @ 0.03200
TP10= Free
3k targetBTCUSD
Looking at BTC with a AB=CD pattern
Target around the 3k zone
Histogram making HH
Willy is stupid
OBV not looking to healthy
Nice notch in VPVR at 3500
Another nice move lower will send the indicators into heavily oversold.
Generally people like to look at big round numbers so this 3000 level will be big psychologically.
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$XEM NEM bounced of EMA and found support at FibonacciHey Guys,
$XEM bounced of the 200 EMA and found support at 0.382 Fibonacci and 100 EMA. So it is still bullish
RSI is rising on the 1hr Chart
Possible Targets: 1965, 2117
Set Stop Loss at 1800
Remember i am not an financial advisor, only my opinion.
Let's get this bread family
Is it a trap?Is this pump a trap? (1 day chart)
Indicators are still heavily over sold on BTC
RSI just coming out over over sold
Histogram creating a big cup ( Would like to see more structure and divergence)
OBV and W%R creating small "W"s
I do think we have some more upside. I think for now we have a little pullback to retest the "bottom" so we can create a nice W in price structure and have a firm foundation to move forward ( V bottoms generally don't last to long). I do see a rally up to the bottom end of value on VPVR but met with heavy resistance with price and the POC. There are many ways to play this set up, its up to you and your trading plan.
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NEMTechnical analysis
Formed falling wedge -reversal pattern after consilidation in horisontal trend. Break out resistance line. Targets - all fibonacci levels
Fundamental analysis
NEM blockchain was picked because it possesses unique features with regards to authenticating and managing traceability according to Malaysia’s Ministry of Education.
www.ccn.com
Cryptaur, a decentralized ecosystem for P2P services, has signed a partnership with ProximaX and NEM following the first public demonstration of X-game at GITEX Future Stars 2018.
www.businesswire.com
Earlier this spring, Tech Bureau released the developer preview of Catapult. A production-ready enterprise version, along with open source and commercial licensing, are planned for the second half of 2018.
blog.nem.io
XEM/BTC Long OpportunityClear breakout has bought some increased volume with promising signs on the RSI.
I have just opened a long position during this pullback.
Sell Targets are shown at the S&R levels.
I will be keeping a sharp eye on BTC as it may have a dramatic effect on how this trade plays out.
As always DYOR and happy trading.
XEMUSD: Close to our final Target.The 0.0777 Lower Low was made but still the 0.060 mark was defended from last week's sharp sell off. Regardless of this resilience, the 1W Channel Down (RSI = 35.284, MACD = -0.076, Highs/Lows = -0.0092) is still in need of a new Lower Low and that is why we still have one TP left at 0.060. This point will complete our long term shorting sequence on XEMUSD (unless the monthly SMA100 = 0.05092 holds, in which case we will book the profit manually). The coin should then consolidate for a 2 - 3 month period and establish a support. We will update when the support base gives a new pattern.
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NEM (XEM) re-listed on Coincheck exchange____ Click "Like" to help NEM rise ) ____
NEM is a dual-layer blockchain similar to Ethereum but written in Java, that is one of the most popular computer programming languages. Launched back in 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. Its the Smart Asset System that makes NEM so powerful. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. In short, NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway.
Back in January 2018, Coincheck suffered a malicious hack, where thieves managed to steal approximately $520m worth of NEM. It was the most expensive theft on a cryptocurrency exchange as compared to the Mt.Gox theft, $450 were stolen. NEM stopped tracking the coins in mid-March after concluding that enough data was provided to local law enforcement to conduct a full investigation. Coincheck responded to the hack by refunding the 260,000 affected users in JPY from their own capital. Such decision to refund was taken very positively by cryptocurrency community and recently, on the November 12, Coincheck announced the resumption of trading for XEM coins.
Quote of an announcement:
“ resumed new account opening and payment/purchase of some virtual currencies on October 30, 2018,” the exchange announced on their website. “With regard to ETH, XEM, and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment/purchase of the virtual currency from November 12, 2018.”
After the re-listing announcement by Coincheck, price went straight up, while NEM gained over 60% against the USD. Price tested the $0.15 high, but then immediately corrected back down. Currently XEM/USD is trading at $0.094, after rejecting the 61.8% Fibonacci support. Although the spike below the support has been produced, it managed to close above. This might suggest the strength of the XEM coin, and as long as support holds, price is likely to increase.
However, considering the collapse of the Bitcoin, NEM also remains in the risk territory. Further decline towards $0.086 Fib support, or even down to $0.08 psychological support is to be expected.
#NEM (#XEM): Another short-term opportunity to go LONG!My thoughts on XEM! Use tight stop loss, follow your money management a pay attention to BTC.
If you like my TA, please hit that "like" button, follow me or leave your comments. Thank you!
A trading opportunity to buy in XEMBNBTechnical analysis:
. NEM/BINANCECOIN 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 73.
Trade Setup:
. We opened 9 BUY trade(s) @ 0.01155 (day close price) based on a reversal candle ( Hammer ) at 11.18.2018
Beginning of entry zone (0.01070)
Ending of entry zone (0.00930)
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 the 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= @ 0.01320
TP2= @ 0.01410
TP3= @ 0.01600
TP4= @ 0.01750
TP5= @ 0.02030
TP6= @ 0.02310
TP7= @ 0.02700
TP8= @ 0.03200
TP9= Free
A trading opportunity to buy in XEMBNBTechnical analysis:
. NEM/BINANCECOIN 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 73.
Trade Setup:
. We opened 9 BUY trade(s) @ 0.01155 (day close price) based on a reversal candle ( Hammer ) at 11.18.2018
Beginning of entry zone (0.01070)
Ending of entry zone (0.00930)
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 the 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= @ 0.01320
TP2= @ 0.01410
TP3= @ 0.01600
TP4= @ 0.01750
TP5= @ 0.02030
TP6= @ 0.02310
TP7= @ 0.02700
TP8= @ 0.03200
TP9= Free
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)
first ellioti think it wil make a swing up. and that swing will be our first line of a new elliot. i can be wrong, comments if it looks good or not. i'm learning.