Situation and my stance update (BTC, XEM and whole cryptosphere)I have sold all XEMs taken @ 10 cents (very limited loss from my side in this case only few percent). Situation of wide cryptomarket is strange form me. All is cheap, but it looks like could be cheaper. So i choose one more time to stay aside, and even if i buy some crypto, that will be probably very shortterm entry to catch some shortlasting bump. 6000$ BTCUSD is crucial for now. You know probably what dump it will cause in case of whole cryptomarket. With Succesful attack @7300 (daily basis) i may change my stance - to little more optimistic. From my point of view however this autumn should give here only limited oportunities to profitable entries (and shortlasting in nature). I am afraid that bubble like in 2017 will be possible in 2021 (Combined with last euphoria in case of world stock markets - they will end with spectacular crash of all assets, together with fiat money/dollar and even overpumped cryptocoins in this last bubble). But that point of view is not taken from technical analysis or researched by me ermanometry, so do not use it of course in Your investing activities.
In case of XEMUSD my pending orders are now situated @ 6, 4, 3, 2 and 1.5 cents (with growing structure of percentage given for one level in fiat money throwed in)
For Bitcoin i have no pending orders now.
This is not trading advice!
XEM
Ermanometric and EWT situation update.I cannot paste images in my last idea, so new idea with situation update. That 5th wave if will occur should not last long, minimum for this is around 7 cents (38.2 length of wave 3rd) maximum rests for trading robots or panic sellers. I will put some pending buy orders @HitBtc and @Zaif but in hope for get fast free of cost XEMs. Before trend change here should be that panic shortlived dump and daily close with intresting candle and long shadow.
There is a possibility for the beginning of an uptrend in XEMBTCTechnical analysis:
. NEM/BITCOIN is in a downtrend 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 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001490 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001490)
Ending of entry zone (0.00001200)
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= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003880
TP5= @ 0.00004760
TP6= @ 0.00005400
TP7= @ 0.00006640
TP8= @ 0.00008610
TP9= @ 0.00009630
TP10= @ 0.00011880
TP11= Free
There is a possibility for the beginning of an uptrend in XEMBTCTechnical analysis:
. NEM/BITCOIN is in a downtrend 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 37.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001490 to 0.00001200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001490)
Ending of entry zone (0.00001200)
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= @ 0.00002170
TP2= @ 0.00002430
TP3= @ 0.00002930
TP4= @ 0.00003880
TP5= @ 0.00004760
TP6= @ 0.00005400
TP7= @ 0.00006640
TP8= @ 0.00008610
TP9= @ 0.00009630
TP10= @ 0.00011880
TP11= Free
There is a possibility for the beginning of an uptrend in XEMUSDTechnical analysis:
. NEM/DOLLAR 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.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.1053 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1053)
Ending of entry zone (0.0634)
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= @ 0.1431
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4390
TP7= @ 0.4958
TP8= @ 0.6540
TP9= @ 0.7450
TP10= 0.9466
TP11= 1.1487
TP12= 1.4356
TP13= 1.8013
TP14= Free
There is a possibility for the beginning of an uptrend in XEMUSDTechnical analysis:
. NEM/DOLLAR 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.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.1053 to 0.0634). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.1053)
Ending of entry zone (0.0634)
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= @ 0.1431
TP2= @ 0.1681
TP3= @ 0.1982
TP4= @ 0.2765
TP5= @ 0.3686
TP6= @ 0.4390
TP7= @ 0.4958
TP8= @ 0.6540
TP9= @ 0.7450
TP10= 0.9466
TP11= 1.1487
TP12= 1.4356
TP13= 1.8013
TP14= Free
IH&S formation is near to attack of the neckline.I had some hopes in my previous idea for panic dump, to get more cheap XEMs than 10cents, but this price formation can be here shortterm or midterm game changer. Of course i dont hope here now for whole trend change, only jumps to test 14 or even 20cents are possible (without big announcements, only in case of more bullish power on whole market). After that jump i still expect fading of price to retest 10cents and slow, horizontal accumulation phase by big players. But if this formation will fail, the bearish scenario from my last idea will be in play.
Ermanometric bottom here...looks good. It is first time since i analyse XEMUSD, when ermanometric reversal day have worked so accurate. Ermanometry of course is not always so accurate (like resistances and supports levels - see also the previous potential reversal day market as 106 vertical line on my chart, now work like ermanometric pivot and was like resistance @around 12cents), but is worth to look at it for sure. Will be here another wave down or it was a final bottom? Honestly, that can only confirm market behaviour not my wishes. XEM 1.17% is worth to observe - if another wave down will occur it will be much cheaper to collect for longterm hold. 10-12 cents of course looks also cheap, but is around 1bln$ capitalization. We have not uptrend in crypto, there is sometimes FUD produced by Morgans or Goldmans or other branches of banksters, so with that in mind 10-12cents is not yet so attractive. And i expect new bottom @BTCUSD this year, so the upspike @XEMUSD if will occur, should be shortlived - depends on market makers of course (pumpers&dumpers teams).
Near pricing a High. Short on Resistance.The pattern transformation from the 1W Channel Down (MACD = -0.080, Highs/Lows = -0.0417, B/BP = -0.1109) to the 1D Falling Wedge (RSI = 43.716, MACD = -0.010) was successful on XEMUSD and the price is now rising towards a 0.12059545 High. Short TP remains 0.060.
About to undergo a pattern change. Still short.XEMUSD is extending its losses on a long term bearish 1W Channel Down (RSI = 36.144, oversold on STOCHRSI, Williams, Ultimate Oscillator). However it may undergo a formation change to a 1D Falling Wedge (blue lines) if 0.1069 is crossed now. Still it is limited to a 0.12060 maximum, so we remain short with TP = 0.060.
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
10 cents or lower?10 cents looks as good support here (combined with 6000@BTC), however market always can do flash crash much below that point, risk is high. I got now some new XEMs stack from that level (around 10,6cents) but i must have also plan what to do if market will go lower. But even if it goes lower (and i will buy more XEM in 2-4cents area) there should be bump to that 10cents sooner or later.
Not a trading advice however, please do Your own research, before You tank XEM or any other alt in this beartrend!
Bigger picture on daily basis:
XEMBTC Potential Weekly SupportXEMBTC has been on a downtrend along with all cryptocurrency assets since January, this week we are looking at some relief on the selling pressure. Coins are randomly pumping out of nowhere after being exhausted and taking this in account along with XEM being a solid platform, we believe to have a small swing trade opportunity. ADX is on all time low, and considering that volatility is all time low too, it could indicate a sudden move up which is something that goes accord to the "story" of the current cryptocurrency market, my own targets are posted below.
Buy: 0.00001670-0.00001680 ; SL: 0.00001572
Target 1: 0.00001749; Target 2: 0.00001799; Target 3: 0.00001839
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Target hit. Channel Down continuation. Short.TP = 0.12059 hit as XEMUSD broke the Falling Wedge to the downside and appears to be extending eventually the commanding trend of the 1D Channel Down (RSI = 26.153, ADX = 74.761). XEMUSD is near 12 month lows hence the low pace (MACD = -0.016, Highs/Lows = -0.0192, B/BP = -0.0408), indicating that a bottom (short/ medium term) may be near. If 0.08810603 breaks we will resume shorting (TP = 0.060).
$XEM, Continuation…
Weekly
Looking at our trend timeframe we see price is making its way towards 1600 support level, stochastic rsi showing momentum is heading towards the downside with no sign of slowing down. Expecting a bounce of this level, but will be watching BTC closely for radical movements.