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XEM

XEM/USD - 2/8/2018NEMs price is holding up strong while many others continue to decline. At a recent peak in the price, XEM created a head and shoulders pattern which sparked a reversal and a bearish push until the EMA(200) and around the 2/1 Gann fan line. This push has now completed the head and shoulders breakout and the price is ready to rise once again. The price has used the EMA(200) on 5 occasions since July (including the current testing of this level), this brings me confidence when claiming that the price is expected to start its bullish push once again to continue its long-term trend. This level is also backed and supported by the 78.6% fib retracement level and the fact that the RSI was very recently oversold. There is currently no divergence but seeing as though the volume is expected to become bullish again when the RSI increases, the price will increase accordingly. Due to the head and shoulders patterns breakout completion, the neckline of this pattern becomes a strong resistance level which is the basis for the first price target in the bullish direction. The second is characterized by the top of the right shoulder and a level the head used as support when it was almost completed. Important Resistance Levels: $1.29, 0.839 Important Support Levels: 0.357 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
BITTREX:XEMUSD
by EQBM
NEM , long-term Buy opportunity of XEMUSD, Don't miss itTechnical analysis: NEM is in Down Trend but Beginning of uptrend is expected. In Daily chart , A two-day hammer candlestick pattern was formed which is the first sign of the beginning a Bullish Trend. In 4-Hr chart , There is a valid and clear divergence. The price touched the strong downtrend line in Daily Chart . It is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 38 . Trading suggestion: Price is in the support zone (0.516 to 0.336), traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (0.516) .Ending of entry zone (0.336) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take profits: TP1= @ 0.850 (First Target) TP2= @ 1.151(second Target) TP3= @ 1.305(Third Target) TP4= @ 2.146(Fourth Target) TP5= @ Free
BITTREX:XEMUSDLong
by ForecastCity
2
NEM Coin WavesNem coin still trading upwards, where each wave is getting larger. XEM/USD reached an all-time high when it hit $2 resistance. It corrected back, down to the support at $0.67, which previous also acted as a resistance., Price rejected the support and the 4/1 Gann Fan trendline and perhaps now is the time for yet another wave up, that should be bigger than the previous two. The Fibonacci applied to the previous two corrective waves down show that the strong resistance is based at $3.6, which should be considered as the next upside target.
POLONIEX:XEMUSDLong
by CryptoPAMM
1
Trade XEM for 100% return and much moreHello Friends, You all know, a recent attack on Japanese exchange and XEM coins were hacked. lets do the math and read the news. 1) Max/ Current current supply : 8,999,999,999 coins, 500 M coins direct deduction / reduction. Hackers wnot provide the coins again and they cannot sell because it is tagged by the NEM team. 2) Coincheck going to refund the money I assume it is XEM coin, then it has to be bought. So 500M buy again which is going to be the huge one. 3) We all know XEM is fundamentally strong. Considering all the above, I recommend a buy. News info: $530M worth (500 M coins) were stolen from Coincheck, worst hack. cryptocurrencynews.com Then NEM team has confirmed that stolen coins can be traced and tagged. www.google.com Coincheck is ready to refund the amount, I assume they would provide it in the XEM. api.cointelegraph.com Technically : Price is moving in the symmetric triangle Entry 0.00007500-0.00008600 Stop loss: 0.00006400 Target : 0.00019000
Long
by maheswar81
4
NEM is in the Range Bound and Resumption of Uptrend is expected.Technical analysis: NEM, is in Range Bound and Resumption of Uptrend is expected. The price is now below the 21-Day WEMA which acts as a dynamic resistance and prevents from more gains. DAILY RSI is 45 and above a support level 46. In H4-RSI , A Bullish exit is occurred which triggering more bullish momentum. Trading suggestion: Price is in the support zone (0.000085 to 0.000068), traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.000085) Ending of entry zone (0.000068) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", 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: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: 1. First target is at 0.0000619 2. Without target
by ForecastCity
1
NEMBTC ,A good opportunity for long trades in XEMBTCTrading suggestion: There is possibility of temporary retracement to suggested support zone (0.000088 to 0.000072), if so, traders can set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets. .Beginning of Buy zone (0.000088) .Ending of Buy zone (0.000072) Take Profit: TP1= @ 0.000106 TP2= @ 0.000137 TP3= @ Free Technical analysis: .Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index ( RSI ) is 53. .Current short-term is range bound, but beginning of uptrend is expected.
Long
by ForecastCity
3
NEM (XEM) MOST PROBABLE SCENARIO ANALYSISHello everybody, Due to the recent Coinchek hack NEM is going to have a really bad weekend I think... Even thought they have nothing to do with the hack per se. As you can see, Elliot Waves formed already, so I am guessing this could lead NEM to a downfal to the 68 FIB maybe even the 78 FIB It broke 200 period EMA, ther is Volume and RSI confirmation so for me it's settled... NEM is going around the 7k - 6k to finally reverse to new highs!! If you agree or disagree please comment your opinion, thank you!!
by guzmaner93
3
You can't keep a good XEM down! Or can you?XEM has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage. We have good buying pressure from 0.80c and I would expect strong support at 0.90c. Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1. Current resistance is between $1.2 and $1.3 and we could see a nice little run if the bulls can push the prices past those levels. Join the best Crypto Trader Hangout for free
POLONIEX:XEMUSD
by saintbitcoin
5