XEM
XEM/BTC Is the trend line can stop the loss?The day that XEM listed on Binance (Yellow Circle), it jumped from 32000 satoshis to 40000 as we predicted. Per this chart, you can see the support line which XEM reacted to this line several times. We believe this line could hold the price from further loss. It is better to watch it carefully.
2 OPTIONS WITH NEM (xem)Hey fellas, hope you are doing well, here is my review on xem/usd.
We have been free falling for more then 2 months now! I think we touched the bottom and won't go below 0.2 USD. We are moving inside a descending channel, which indicates a bearish trend. No doubt that we are in a hard bearish trend with no signals of reversing to bullish trend any time soon. Until the brighter tomorrow, lets set some targets! (I formed this channel on weekly chart)
OPTION 1 daily chart
We could see bigger bearish move and test long established trend line/support (ORANGE line) at the price around 0.2 usd. From there on we can move towards TARGET 1 (blue line) and TARGET 2 (green line) and eventually test the upper line of the channel. I would spread my sells between tg1 and tg2. Here we are looking at 40-70% move.
OPTION 2 daily chart
We move sideways for a bit and then shoot to target 2 (green line). Here we are looking at 20% move.
LONG TERM
On Weekly chart we can see RSI testing support. We can see a bounce from that level and test the upper line of a channel.
Wish you all good trading, do your own research before make any calls.
NEMBTCNEMBTC
After lifting on the wave of news about compensation for losses, NEM drew his head and shoulders. and although the right shoulder turned somewhat flawed, we still began to work out the channel down.
Now we have found new support in 4100 satosh. However, the head and shoulders have not been fully developed yet, if the buyers do not get up, we are likely to continue falling to the next support level of 3900. It is also not very strong.
Do not forget about the stolen coins. According to various sources, attackers could sell about 40% and still very much remain, which can also affect the price, pushing it down.
More attractive levels are 3350-3500.
More risky people can try to win coins now, but personally I'll wait and watch the market for the time being.
You should also remember about the BTC. I think that after its reversal, NEM will resume its growth again and possibly conquer new peaks, but for the time being it's too early to talk about it.
Good luck.
NEM second attempt to make a bottom turnCoin of the day is NEM.
NEM is a peer-to-peer cryptocurrency and blockchain platform launched on March 31, 2015. NEM has a stated goal of a wide distribution model and has introduced new features to blockchain technology such as its proof-of-importance (POI) algorithm, multi-signature accounts, encrypted messaging, and an Eigentrust++ reputation system.
In 2016, NEM jumped in price and become one of the largest cryptocurrency by market capitalization. While the industry was struggling with the DAO hack and recession of the Ethereum, several Japanese banks signed an agreement with NEM to create a payment infrastructure for the blockchain.
The 2018 year which started with the depression all around the cryptomarkets pushed the coin to the lows, almost wiping the 2017-year gains. XEMBTC found a bottom around the 0.00003 level and now is drawing a rebound pattern. The coin had a downward impulse recently, while was facing the consequences of the Coincheck hack and waiting for the G20 crypto-regulation statements.
Coincheck has settled an issue, and G20 summit turned out to be better than expected for the future of the cryptocurrencies.
Hence, the recent decline stopped on the Bullish Trend Line support not reaching the 0.00003 level. XEM jumped off from the support Trend Line accompanied by the high volumes. Now the coin is testing the 0.00004 level once again and if the coin breaks above this level- the downtrend pattern will be violated, and the coin will get one more chance to unfold into a bullish direction.
Some sign of positive reversal here.I hope this downtrend is finally over. Divergences @MACD and CCI suggest that for now. And inverted H&S formation (see lower timeframes) at the final dip of this downtrend suggests that too. Do not invest however here "all in". Deeper downtrend in BTCUSD and this upmove will end with new dip. Now upmove is fueled mainly by coinchecks victims refundation.
10SMA Crosses Above the 20SMA - Moving Average Crossover SIgnalIf you have been trading for some time and have been
using Technical Analysis as a way to find trading
opportunities, you would have probably come across the
Moving Average Crossover strategy.
It is probably one of the most well-known Technical
Analysis signals out there. The strategy basically uses
Two Moving Averages, one with a shorter period and the
other with a longer period.
A bullish signal is generated when the shorter period
Moving Average crosses the longer period Moving Average
from below.
When the opposite happens, that is when the shorter
period Moving Average crosses the longer period Moving
Average from above, we have a bearish signal.
Now the million dollar question is does this strategy
actually work?
There are those who swear by it, while others feel that it
is the sure road to the poor house.
*DISCLAIMER*:
I am not a financial advisor nor am I giving financial advice.
I am sharing my biased opinion based on speculation.
You should not take my opinion as financial advice.
You should always do your research before making any investment.
You should also understand the risks of investing. This is all speculative based investing.
Important! Profit Delivery!My Awesome people I've been offline for 3 days and haven't been able to deliver you some cash let's get back into it.
Here you have XEM found a bottom from 9th December 2017. MASSIVE POTENTIAL here, we are moving nicely but that volume indicator is just jumping out at me saying we aren't going to stop today!
This is great, this supports the move the momentum (black dotted line) is smashing up showing us that with this speed we aren't about to stop.
We have some healthy targets ahead! I want to say now, with BTC so volatile run a very tight stop loss. BTC could ruin us but this trade will bounce back anyway with the volume pouring it like it is.
The targets on the green lines when we cross over the top of these they then become your support lines so i want you to put your stop loss 1% below each green line as we cross.
Trade safe people also if the daily candle on the BTC closes below the 200EMA think about closing off some of your position here.
Cash Is King Peeps! Let's get back to making our 5-10% per day
While I was banned you missed loads of opportunities even this I could of had you in 10% lower! I had no way to reach you all so we have some loads of cash to make up for, i will also look at putting together a chat.
NEM (XEM) Rises As Coincheck Commences Refunds
Take a look at this beautiful chart for XEM. Each candle represents a 4-hour time segment. As you can see, it is moving upward on a tight channel (cyan) that began on around March 10th. Previously to that, it was also moving upward on a channel that began somewhere around March 6th-7th. At this moment it is completing the 3rd wave of its current Elliot Wave impulse rally. This coincides with the intersection of the (cyan) channel's support with the (yellow) channel's resistance. This could mean a premature correction that could prevent us from reaching our target of $0.50 due to a lack of momentum (specially when you consider the current region of the Keltner Channel (blue) that XEM is currently cruising within. On top of that, it's clear that we are far above it's EMA(55) and a retracement is due. Retracement once full Elliot Wave correction is completed should coincide with a fib level, and in this particular case it seems to me like it'll retrace to 50% to coincide with the bottom Keltner Channel for healthy movement as well as with the support of the (yellow) channel. The RSI is also showing we have recently entered overbought territory and this should also trigger a sell-off from the bears.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
NEM calms investors and grows furtherCoin of the day is NEM.
Recently formed by NEM rebound pattern develops further.
The decline in NEM value over the last weeks was provoked by the hack of the Tokyo based cryptocurrency exchange Coincheck.
There were two main reasons for the concerns: that Coincheck will not return the stolen funds and the fear that the stolen NEM's (XEM) would be dumped into the market and drop the price. Both these fears were dispelled, the exchange started to return the funds and realization that the stolen money could not harm the NEM market given its large capitalization calmed investors.
From the technical view, the pair is showing a sustained uptrend for the last days and established a bullish trend line support. The 0.00004 level was broken and turned into support. From the upside, the 0.00005 level and the 100-days EMA will be the next targets if the bullish scenario will continue to develop.