Major change in market for XEMAfter the bears being given the opportunity to control the market for months. The bulls are finally awake and hungry to look for an opportunity to take away that ability to control the market from the bears.
After a month-long downtrend and a heavy spike down in prices, an ascending triangle is forming with the prices of XEM finally breaking through the month-long downtrend resistance.
Traders could look to take a long position now with the prices of XEM being slightly below the support of the ascending triangle. Indicating that it is oversold and prices are expected to make a major change as it goes long
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XEMBTC
XEM-BTC Long Trade PlanCommodity : NEM
Trade Type : LONG
Trading Against : BITCOIN
Entries : Double-UP Entries throughout the Buy Zone
Profit Taking : 25% at each TP point
Profit Locking : Move SL to break even once TP1 is hit, to TP1 once TP2 hits, to TP2 once TP3 hits and so on
Duration - 1-2 weeks
Investment in trade : 10% of the total Trading Balance.
Prospective Profit : 5% to 14%
Prospective Loss : 2%
RRR : SL to TP1 is 1.9, SL to TP2 is 2.97, SL to TP3 is 4.31 and SL to TP4 is 5.41
Buy Zone/TPs/SL price points are marked in the chart as follows
Greens - Profit Targets (TPs)
Blue - Buy Zone (Entries)
Red - Stop Loss (SL)
Daily Bullish Signal $XEM #XEM (1 March 2019)RED ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Failed to break, could retest again?Failed to break above above current descending broadening wedge.
Now retesting current support (remember we are ATL levels).
Bouncing from here could lead us to a breakout. Daily MACD still bullish, RSI flat...
Potential Targets on the chart
NEM XEM - Squeeze Breakout Pending!Not financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Oh boy where do I start here. This chart looks so good I don't know what to do with myself. Here are the key points from the chart:
1. Volume based resistance levels. Based on volume patterns, especially around November 12th, we see major resistance has formed here. This was proven when we fell through in early 2019 and failed breaking that resistance level. I expect a retest of that level.
2. A "double pump" could indicate (note I said could) a 1-2 1-2 pattern indicating a major impulse is possible. This would need a major breakout to complete the 3 wave but if the 3 wave extends more than 100% of the first wave, we're increasing our probability of a 5th impulsive wave to get us to 1629.
3. We're in a squeeze on the daily chart. This is important. This means we've basically gone sideways with little volatility. Typically there's a breakout of a squeeze then another squeeze gets entered and it breaks out in the opposite direction. We haven't broken out of the squeeze apttern but momentum is heading in the positive direction.
Now, we've got some room to work here. You could enter at 1095 but look for a tight stop loss. I've got my stop at 997 but you may want to use 1050 as a stop if you want to risk less capital.
Also, Brev, don't go all in.
Trade safely friends!
<3 -CE-
Megalodon Pro Automated Trader - XEM - Short Term BullNEM looks like a good buy for the shorter term.
In terms of BTC
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XEM ($NEM): ABC Correction is mostly done!Hi Guys,
ABC Correction is mostly done and we should make profits soon!
Currently XEM is bouncing significant support zone marked by previous low. Also, near is 1000sat price zone which i consider as a strong psychical support.
If you look in more detail to Poloniex Order book, you will find a lot of buy walls slightly above 1000sat. Imo, good sign of new incoming traders.
I guess, XEM going to visit 1060-1000 zone again to re-test this support. I'm going to wait for the results of this test because there is a still chance to go downward, deeply below 1000sat.
If you like my TA, pls. hit that "like" button, follow me or leave your comments. Thx!
Triangle forming on XEM/BTCA triangle is starting to form while prices are trading sideways with lesser volatility.
Prices are expected to rise with prices being near over sold on bollinger bands with an upcoming resistance line of 1152 satoshi before XEM could explore any higher.
Update:
I have recently started my own cryptocurrency Telegram group.Hence if you wish to get updates about new trading ideas posted by me as soon as possible,do feel free to join it.
t.me
If you all are wondering why it is called CryptoBullLong, most of the traded ideas posted there are mostly long trades idea and rarely short trades idea are posted there. So this is just additional information if you join the group.
Long for XEM/BTCRising wedge forming to resistance at 1150.
Buy at 1130-1170 for long position
Potential of hitting 1650 at overbuy of Bollinger Bands - Up to 46% of ROI
My opinion about XEM ( NEM) / BTCHello!
With my last opinion that BTC have a up wave and XEM/BTC chart.
I think that it will have a up wave to 125 -130 range and maybe more.
Stop loss at 10 range but I will look for another entry because I think that it will up.
Sorry for my bad English so I can’t explain so much.
Stop loss for any trade please!
Thank you very much!
Is is good to sell XEM now?!Buying coins with good news always lead to losses.
Let me explain why:
Good-great-exited news coming from projects always when price peaked or heading to overbought areas and gives short-term small profits.
Remember WAVES
Remember TRX
Remember XRP
Remember XLM
But for common investor-long-term-trader it gives loss.
What about coins with bad news?
Let's figure out with XEM trade.
Price can go to previous lows near 800 level, so control you risks if price go below 900.
And spam some bad news about XEM in comments;)
Good Luck and Have Fun!
XEM - up to 1200% PPT! Long term trade.XEM (NEM) is one of the oldest and solid project in the crypto space. Recent news about funding can be described with one word: "FUD".
For me it's great opportunity to buy.
XEM is going to release Catapult later this year with 4000 TPS.
This project has one more great advantage - 0% inflation rate.
TA details:
Bullish divergence on weekly chart;
Oversold RSI;
Falling wedge on weekly;
It's landing on 3 year support (around 1100 sats);
Trade carefully and do your own research.
Good luck!
Nemo Will there be a second life?Greetings from Benice team!
Today we are going to have a look at a coin which has recently received special attention. It is Nemo.
Some facts describing the NEMO project:
> It has an interesting POI (Proof-of-Importance) consensus. Anyone who installs a masternode can get a reward, although the account balance should not be less than 10,000 XEM coins.
> The network has 9 billion XEM, and this amount is final, there will be no more emissions.
> The coin had been in the TOP-10 at Coinmarketcap for a long time.
> Except for the pairs against bitcoin and dollar, it is traded against South Korean won.
Interestingly, the coin was at its minimum at 0.0000081 BTC on December 7, 2017, but just a month later, on January 7, 2018, it got to 0.00013669. Thus, its price increased 165 times. Prior to that, a similar growth rate to the same levels happened in May 2017.
Let us omit all the fundamental and news background and turn our attention to the chart.
As for the technical indicators, it has almost fallen to the bottom against South Korean won. This is the first buy signal.
Despite being traded in the red, the price against the dollar is holding. It is the second buy signal. Although still there is a potential for a drop: 0,027 is the first potential level, and 0,023 is the second one. The last level is 0.007. If it goes below this level, the coin will be unlikely to grow back and it will finally die.
The potential for a drop to 0.00000832 against bitcoin is the main target. The lower levels of 0.00000531 and 0.00000289 are bearish. You'd better enter the transaction when the level of 0.00001250 is broken out. In this case, your targets at the top would be 0.00001669 and 0.00001971. If it grows higher than 0.000023, then the target would be 0.00002785. If you trade at these levels, you'd better wait for a signal. (We are definitely going to publish it in the update of the review).
The coin cost 0.00010221 BTC at the moment of listing. If the growing market cycle is back, we will witness these values, because prior hypes were characterized by the conquest of the level.
Subscribe to our updates. We are going to inform you about the latest transactions under this review.
Don't forget to put a thumb up! :)
XEM, where to go? XEM, pretty interesting token, but almost died. Let's begin.
The price is forming the new bottom. Above we have a consolidation cloud. It's a resistance zone now.
Let's take a look on the first possible scenario. The price will make a new bottom and will go to the resistance zone, and then, the downward movement will continue.
And the second scenario is based on the fact, that we will break through the resistance zone, and then go up to the grey trend line. If the movement will strong, we can expect the price at (1763) as well, but, I think, the grey line will stop the movement and the price will correct.
XEM/BTC - since last sell signal drop of 45%Today i released my tool, that had saved you from this massiv 45% drop.
Check it out here:
$XEMBTC Long, R:2.09What a good trade setup here.. 4h RSI div in 18 bars.. (generally dont prefer over 14 but this looks nice to me) Strong support hold at 1164.. Safe trade if BITFINEX:BTCUSD doesn't choose to make a surprising move..
Daily Bullish Signal $XEM #XEM (01 Feb 2019)BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market