XEMUSDT Good buy positions ✔Hello Traders, Hope you are having a fantastic day.
Today in this analysis, I want to talk about XEM. After a sharp correction from 0.60 to 0.30, XEM has been playing on a strong support level ( Purple range )
which has been tested several times as you can see. But what now?
There are 3 good positions for long in my opinion :
1) When it touches the strong support range around 0.30.
2) When it breaks out of the short term descending trend line ( yellow line ) and consolidates above the line.
3) When it breaks the strong support range of 0.30 and touches the Mid term trend line ( blue line ) around 0.28 ( which I don`t think is going to happen )
When XEM breaks the yellow line, First target is 0.40 and if it breaks the 0.40 resistance, I think 0.60 is easily reachable.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
If you want to check out my analysis on BTC, I have linked it below and also don`t forget to follow me for further updates and new analysis.
Thank you so much for reading my idea on XEM. ✌
Xembuy
The 5 wave uptrend XEMAlmost complete correction has been done and with the divergence seen, the start of 5 ascending waves will begin soon. It is appropriate to buy a step at this point down.
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XEMBTC formed a bullish butterfly | Upto 193% from herePriceline of NEM / Bitcoin cryptocurrency has formed a bullish butterfly pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
The price action is hitting the strong support at 0.00000477 sats which is not broken since 2016.
After hitting the support the MACD turned weak bearish from strong bearish.
RSI is already oversold.
Stochastic is oversold but did not give bull cross so for safe trade we can wait for bull cross from stochastic.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000495 to 0.00000189
Sell between: 0.00000728 to 0.00001298
Regards,
Atif Akbar (moon333)
XEMBTC 4HXEM's move in the past, will it be again.. Conditions seem appropriate, let's see.
Be careful, break a leg!!
Daily Bullish Signal #XEM #XEMBTC (11-10)#XEM (XEM/BTC)
Buy : 1450-1500
Flash Sell : 1550
Short Sell : 1600
Long Sell : 1650-1700-1750-1800-1850
Stop : 1400