XEMBTC
#XEM / #USD and #XEM / #BTC pairs in 1h chart - Price PredictionHere's another prediction for a currently hot market. NEM aka XEM.
Doing a dual chart in 1H timeframe and here's my bullish view on this market.
NEM coin new target 350%+XEM/BTC new wave analysis : Targets
0.00005055
0.00009000
wave is already started so dont waste your time! you will not regret it
NEM Bullish DivergenceThe trading idea is based on a bullish divergence which gives us a trend reversal signal. The price is going to bounce from the support level. We can use the previous high for placing pending orders for buy. Entry level is 0.00002600 with stop at 0.00002100 level. Profit targets are 0.00003300 and 0.00005000 resistance levels. The part of trade volume can be left for long run. This market will allow to increase BTC value, if the market moves upward.
NEM-XEM trading idea setting up for DecemberXEM is launching it's 2.0 version at the end of December. In large falling wedge since June on BTC chart! Obviously, the price has seen a reversal in USD based on BTC going banana's. A trend reversal can occur at any moment
( new money flowing into the market ). It has found some support at the current level. Hence I left the entry point broader. My personal opinion we will see a little more down supported by ( DMI, PHOENIX, RSI, STOCH RSI ). In general, we could set ourselves up for a good trade come end 2017- beginning 2018.
Accumulating XEMXEM (NEM) is one of my favorite projects to accumulate at the moment.
Check out their Twitter @NEMOfficial to see all the projects that are working with currently, it seems like there is progress almost daily.
Also check out their website to learn more about what XEM is. NEM.io
Great team behind them and the prices looked to have bottomed out with a change in the trend.
Setting my targets which I feel will be easily reached once whales have done accumulating and people start to take their eyes off Bitcoin.
I will save a decent amount for future growth after those three targets are reached.
If it does break lower then I will just continue to accumulate more at even cheaper prices.
$XEM/ $BTC 24H: Huge Bullish Gartley. Prize action inside PRZ.BITTREX:XEMUSD
This Zone looks so so good and nice fundamentals. Bankera now supports NEM (XEM) cryptocurrency:
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"You can now buy and sell your XEM, at a favorable rate, at SpectroCoin, along with sending, receiving and storing it. Obtaining XEM is very simple; you can choose from among more than 20 purchase methods available at SpectroCoin, including both crypto and fiat currencies."
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Happy trading everyone.
LONG XEMBTC
Breakout on the downtrend
Price above SMA50
SMA5 crossed the SMA50
Waiting on confirmation with SMA10 crossing SMA50
Using the strategy posted on my previous chart it is showing around 35% profit although it should be higher because you would make the trade when it crosses and not a the the closing price.
Thanks to fskrypt for putting it into the editor!
XEMBTC intraday long...XEMBTC intraday long. Our assumption is that the exchange rate begins to rise again. The rising wave rate can be the same as the full wave of the previous wave. Even though the daily ATR level is low, it can not be completely excluded to take some back correction to reach the required "ATR level". For the second wave wave 0.00003362
XEMBTC - Bullish Divergence (LONG)XEMBTC is looking like it is setup for a nice Long position. There is a Bullish Divergence in the RSI that indicates a trend reversal, breaking the current line of resistance would act as a confirmation of this reversal. CCI is also pointing towards zero and may soon indicate this reversal as well. MACD indicating support for this.
As always use a trailing stop-loss to lock in profits!
XEMBTC Falling WedgeWhat I See
NEM is almost done with the correction back to level 1. Risk minimized.
Falling wedge is running out of space
Has been down-trending for 4-6 months, a breakout is near
Last swing high is very far, at 7000 sats.
NEM can move to next fib levels (color lines)
What to Do
Set buy alerts in zones where falling wedge could breakout. Use an app or Tradingview alerts.
Set buys between wedge breakout point and .236 fib level, depending on your risk appetite.
Watch for price reaction around resistance levels (orange)
Set a stop loss at the lowest resistance level or 1 fib level. I am not setting stop loss as I am long on this coin, although I do recommend you do.
NEMNow is a great time to open a buy order.
The RSI oscillator is slightly higher than 50, the stochastic RSI and MACD makes the cross up.
Buy 0.185
Target 0.24
Stop Loss 0.17
Enough! Lets the Growth begin..!After enourmous growth we got fair falling, and now I see possibility for next move.
XEM: Ready for reversal?Today I want to highlight a coin most of you have already heard of before. It was (and maybe is) one of the most promising cryptocoins to date and one of the Oil wells I have most profited from.
Since the great May pump happened, XEM has been in steady decline and there is only little sign of reversal on the chart in my opinion. I want to highlight a few things about the current position though.
XEM is one of the most endorsed picks for an upcoming rise. It was picked by several crypto "investment" groups and is a steady buy recommendation by the famous Palm Beach Group.
Palm Beach once again in their October issue kept that recommendation to buy XEM up to 0.30$.
And while other coins instantly skyrocketed once the Palm Beach monthly report was leaked, XEM is still trading at 0.20$. The XEM foundation president Lon Wong will speak at the World Blockchain Summit in Dubai in two days. It has been hinted that good news for the XEM project will be announced.
Where does this leave us? A chart that doesn't really give us hope, steady volume and a nice setup surrounding it.
I entered the market with a small sized position as the support line of May held again. I will be looking at the price development in regard to the upcoming presentation of Mr. Lon Wong. A tight stop loss order is in place at 3139 satoshis.
If you follow this one, I strongly reccomend a stop loss at a level you are comfortable with.
Best of luck.
