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XEM

XEM (NEM) - uptrend breakout tradeThere is quite a lot of sells on the orderbook between the buy-stop price and the current price. If the price manages to get past all those sells then it has a good chance of pushing further in this trend. Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks. Some of these alts have really low volume at times so be careful buying as big orders will go right through the order book Good luck! Mark
Long
by MarkLudgate
TARGET DESTROYED AND HUNGRY GO FOR MOREAfter reaching the target and surpassing it with great force, NEM / XEM is demonstrating its power and protagonism. I even encourage to say that it will be one of the main cryptos this year. Of a healthy, gradual and progressive behavior, it is an ideal long-term investment. It is very probable that with the fall of the BTC (orange line) successfully exited the kumo to finish forming the pattern in a few months with that gain. To be in the number 11 in the ranking of coinmarketcap, climbed in these days 2 places remain ninth. Https://coinmarketcap.com/currencies/nem/#charts Https://blog.nem.io/creating-a-telegram-monitor-bot/ Thank you all for your time!
Long
by AndresThomasShirakawa
1
NEM breaking the downtrendI think that getting down to the previous highs, before the big pump, XEM is a good buying opportunity. Even if I am not a fan of Proof of Stake coins, the NEM team has done some pretty nice developments which could potentially boost the project. It has broken the RSI down trend and has had some nice upside divergence over the last few months. Within the next 1-2 weeks, I am expecting the market to choose a direction. A strong bounce around 0.000003 would be nice for longs, but to fully validate the break of the downtrend, a break from 0.000005 would be required. Falling below 0.0000025 would invalidate this idea.
Long
by BitcoinMacro
2
SLOW, BUT BULLISH AND HEALTHY (TO KEEP ON EYE)Being one of the top 10 currencies in the market cap ranking, NEM /XEM: slow, gradual and progressive is showing a bullish trend, rising 70% in 6 days.From 2862 to 4795 Now after forming a double top pattern is very likely to perform a retracement, ideal to become super long in this crypto that did not show even a small part of its power. A TAKE INTO ACCOUNT THAT IS ONE OF THE "SENSITIVES" TO BTC AND EVERY MOVEMENT HITS AND STRONG. That's why I draw the reference line (BTC / USD orange line) But to go very long the story is different and not to worry about their falls.
Long
by AndresThomasShirakawa
NEM/XEM and a new lowI honestly can not believe that the tenth coin with the largest market capitalization suffers this free fall forming a new minimum. With a triangle I pointed out so they can see how NEM is affected by the BTC rally. However I see a small light behind the bridge, something like a change of trend. Neither does he need strength and cross the kumos ahead of him. Let's see if NEM goes back to being NEM. To believers excellent call to put long! Thanks for your time and happy trading!
Long
by AndresThomasShirakawa
XEM Go Long: Triple Bottom FormationAs the Triple Bottom Reversal develops, it can start to resemble a number of patterns. Before the third low forms, the pattern may look like a Double Bottom Reversal. Three equal lows can also be found in a descending triangle or rectangle. Of these patterns mentioned, only the descending triangle has bearish overtones; the others are neutral until a breakout occurs. Similarly, the Triple Bottom Reversal should also be treated as a neutral pattern until a breakout occurs. The ability to hold support is bullish, but demand has not won the battle until resistance is broken. Volume on the last advance can sometimes yield a clue. If there is a sharp increase in volume and momentum, then the chances of a breakout increase. Source:http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_bottom_reversal
Long
by ValEn