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Xemusd

IH&S formation is near to attack of the neckline.I had some hopes in my previous idea for panic dump, to get more cheap XEMs than 10cents, but this price formation can be here shortterm or midterm game changer. Of course i dont hope here now for whole trend change, only jumps to test 14 or even 20cents are possible (without big announcements, only in case of more bullish power on whole market). After that jump i still expect fading of price to retest 10cents and slow, horizontal accumulation phase by big players. But if this formation will fail, the bearish scenario from my last idea will be in play.
HITBTC:XEMUSD
by orminlange
Ermanometric bottom here...looks good. It is first time since i analyse XEMUSD, when ermanometric reversal day have worked so accurate. Ermanometry of course is not always so accurate (like resistances and supports levels - see also the previous potential reversal day market as 106 vertical line on my chart, now work like ermanometric pivot and was like resistance @around 12cents), but is worth to look at it for sure. Will be here another wave down or it was a final bottom? Honestly, that can only confirm market behaviour not my wishes. XEM 1.17% is worth to observe - if another wave down will occur it will be much cheaper to collect for longterm hold. 10-12 cents of course looks also cheap, but is around 1bln$ capitalization. We have not uptrend in crypto, there is sometimes FUD produced by Morgans or Goldmans or other branches of banksters, so with that in mind 10-12cents is not yet so attractive. And i expect new bottom @BTCUSD this year, so the upspike @XEMUSD if will occur, should be shortlived - depends on market makers of course (pumpers&dumpers teams).
HITBTC:XEMUSD
by orminlange
6
10 cents or lower?10 cents looks as good support here (combined with 6000@BTC), however market always can do flash crash much below that point, risk is high. I got now some new XEMs stack from that level (around 10,6cents) but i must have also plan what to do if market will go lower. But even if it goes lower (and i will buy more XEM in 2-4cents area) there should be bump to that 10cents sooner or later. Not a trading advice however, please do Your own research, before You tank XEM or any other alt in this beartrend! Bigger picture on daily basis:
BITTREX:XEMUSD
by orminlange
4
There is a possibility for the beginning of uptrend in XEMUSDTechnical analysis: . NEM/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.1860 to 0.1380). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1860) Ending of entry zone (0.1380) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" 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 the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.2765 TP2= @ 0.3686 TP3= @ 0.4390 TP4= @ 0.5305 TP5= @ 0.6540 TP6= @ 0.7730 TP7= @ 0.9680 TP8= @ 1.1647 TP9= @ 1.1429 TP10= @ 1.7987 TP11= Free
BITTREX:XEMUSDLong
by ForecastCity
There is a possibility for the beginning of uptrend in XEMUSDTechnical analysis: . NEM/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. . The price downtrend in the daily chart is broken, so the probability of the beginning of uptrend is increased. Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (0.1860 to 0.1380). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.1860) Ending of entry zone (0.1380) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" 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 the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.2765 TP2= @ 0.3686 TP3= @ 0.4390 TP4= @ 0.5305 TP5= @ 0.6540 TP6= @ 0.7730 TP7= @ 0.9680 TP8= @ 1.1647 TP9= @ 1.1429 TP10= @ 1.7987 TP11= Free
BITTREX:XEMUSDLong
by ForecastCity
2
XEM have bounce from intresting area.Logarithmic, daily chart, and dotted trendline (based on daily closings) worked here well out. But this of course does not guarantee, that this dip was the last one. It is however worth to show. We must remember that real XEM trade began little earlier than in April 2015. It was in October 2014, when XEMs stakes (2.250.000XEMs each) were traded on Nextcoin Asset Exchange (or something like that i dont remember how it was called). So the starting point is in this month (October 2014). There was some small divergence in case of RSI14 (daily) indicator, but for me is to small, to say that this dip was the last one. Maybe good idea is to wait for some dumps under 14cents to catch much larger divergence in the nearest future. But of course each trader should judge himself, where is suitable moment to jump in here. I own 80.000XEMs and can live without any more, but in case of new dips i will look closely if this will be good opportunity to tank some more to the main stack. In case of 4h chart we had here beautiful double bottom formation with divergence @RSI14 too. The same, but without double bottom @ XEMBTC pair:
BITTREX:XEMUSD
by orminlange
Sorry NEMbut this downward move can be stoped only in minimun 3-4cents area. I'am very "sorry" (in fact i'am glad because of incoming load of cheap XEMs from losers - welcome to the jungle), i dont wait even for 18, 16, 13, 10 cents. I want have it CHEAP!:) Of course there should be some bounces from mentioned levels like 10 cents, but You know - this market is sheeps market. Sheeps must be slaughtered before new bubble somewhere in the future. In XEMBTC chart XEM should visit 800-1000sat area (with some bounce from 1800sat).
HITBTC:XEMUSD
by orminlange
7
NEM Rejecting Second SupportSince the end of April NEM has corrected down strongly, while it moved from $0.45, down to $0.22. At $0.22 it found the support at 88.6% Fibonacci retracement level that has been rejected. Following wave up resulting in a growth towards $0.27 and then a small correctional wave down.  On a correction NEM/USD yet again found the support at 61.8% Fibs, that is $0.24, and at the same time bounce off the upper trendline of the broken descending channel. The rejection of two supports could mean that trend is slowly starting to reverse to the upside, targeting $0.4 level, which is 76.4% Fibs. The downtrend could only continue if NEM will break and close below $0.22. In that case a potential double bottom formation near $0.2 could take place.
POLONIEX:XEMUSDLong
by CryptoPAMM
1