XEM/USD long trend aheadEven though we recently learn about China is moving for a cryptoban, XEM* is already well implemented in the east and should provide a growth in the month to come.
The recent down is probably due to the uncertainty related to Catapult and China Cryptoban rather than about the fundamentals of XEM*
The demand has a steady growth but could be slowed by a lack of platform trading the XEM* and the lack of counterparts .
In order to break the 1.09 resistance, those 3 issues have to be clarified.
The coin may stumble a little longer, as no support have been clearly identify and as the future doesn't look clear enough yet.
In conclusion, look out for the any news related and any sign of rebound.
Analysis done by The Foil
31.12.2017 03:31
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Xemusd
A Weekly review of 11 major cryptocurrencies 18.12.17 - 24.12.17Last week, cryptocurrencies survived dramatic fluctuations of the exchange rate, after takeoff on the previous week.
Bitcoin declined and decreased its share in total capitalization from 55% to 43%
It seems that a significant amount of investors' money flowed into the grown BCHUSD and XRPUSD as well as the heavily-watched Ethereum /
Most of our recommendations from the previous week’s review for purchase worked and now show profit.
Bitcoin (BTCUSD) went down by 29% from $ 19,000 to $ 13,500 also visiting the $ 11,000 zone.
On the weekly chart there was a bearish absorption (the dark candle of last week completely covered the previous light one).
On the daily chart (see the figure) The intersection of moving averages at current prices is signaling for sale today.
Such technical picture suggests a reversal of the trend from growth to a fall or at least to a flat trend.
Much will depend on the new week that has begun. If buyers manage to return a significant part of last week's losses, then it's likely to be a flat trend. If not, then a further decline is more likely.
Recommendation: Close long positions on the upswings. Aggressive traders can start the game from shorts. A good level for sale now is the $ 15,000- $ 16,000 area.
Ethereum (ETHUSD) slightly decreased (by 7%) from $ 710 to $ 660,first reaching a new height of $ 860 and falling throughout the week to $ 490
Closing near the maximum of the previous week, Ethereum confirms the strength of buyers at current price levels.
Keep. Buy on roll backs to $ 500
BCHUSD soared by 50% during the week, from $ 1,829 to $ 2,770, even visiting the $ 4100 mark
Increasing growth with the achievement of new maximums, contrary to (and perhaps thanks to) the fall of BTCUSD
Keep. Buy on rollbacks to the slow moving average on the daily chart (today it’s $ 2000)
Ripple (XRPUSD) increased by 35% during the week: $ 0.71- $ 0.96, reaching a maximum of $ 1.36
Impressive continuation of growth after tripling in price over the previous week.
Keep. Buy around the last week's minimums at about $ 0.70.
Litecoin (LTCUSD) fell by 17% during the week: from $ 314 to $ 261, the maximum point being at $ 379 and the minimum at $ 173
Correction-consolidation after doubling the price on the previous week.
Keep. Buy on roll backs to $ 200
DASH almost didn’t change during the week (+ 1.5%) from $ 1082 to $ 1,096, reaching a maximum of $ 1596 and a minimum of $ 775
Highly dynamic trading with the transition to consolidation. On the daily chart it looks a bit heavy.
Keep. Buy under $ 1000
NEM (XEMUSD) increased by 50% during the week, from $ 0.67 to $ 1, reaching $ 1.08 and $ 0.51at the minimum level
Growth development after a previously received buy signal
Keep. Buy on the ~ $ 0.70 level
Monero (XMRUSD) experienced a dramatically volatile week but remained almost unchanged at the end (-4.5%) from $ 345 to $ 329, reaching the maximum of $ 477 and a minimum of $ 151
High volatility level (maximum of the week is three times bigger than the minimum). Most likely, the movements of the rate will decrease and we will see the consolidation range in the near future
Range: buy about $ 200 and sell at about $ 400
BTGUSD fell by 13% during the week, from $ 290 to $ 253, reaching a minimum of $ 193 and a maximum of $ 422
Range. Mixed technical picture. The slow moving average on the daily chart is almost horizontal
Recommendation: work with the range. Buy about $ 200 and sell at ~ $ 420 area
(see 2 more in comments)
We wish you profitable deals and follow our reviews and analysis!
XEM/USD Daily Update (17/11/17)Crypto is the trend right now.
I am seeing bullish-ness, however a break above 0.26 would be a safer entry.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
SonicR Mastery team is not responsible for any liabilities arising from the result of your market involvement or individual trade activities
Weekly review for 10 cryptocurrenciesLast week, most of the cryptocurrencies continued their amazing growth.
Bitcoin (BTCUSD) has risen in price by 27.5% from $ 14,900 to $ 19,000, teaching $ 20,000 at a point.
The light body of the weekly Japanese candle has twice surpassed the "tail" of the previous week.
It looks like the expected correction to $ 8000- $ 10,000 is unlikely to happen, there will simply be a slowdown near the psychological level of $ 20,000.
Technically, the present moment is suitable for long-term purchase only for those, who can withstand a 50% or a bigger drop in the rate. To limit the risk, we recommend waiting for a more suitable moment.
Recommendation: Hold. Buy not more than $ 10,000.
BCHUSD for the week increased by 42% from $ 1,288 to $ 1,829, after visiting $ 2,100
Resumption of growth after correction
Keep. Buy from $ 1700 - the top of the previous wave
Ripple (XRPUSD) for the week tripled in price : $ 0.23- $ 0.71, peaking at $ 0.918
Breakthrough from a protracted consolidation. A new impulse wave of growth.
Keep. Buy at $ 0.45 - the summer height and the middle of the candle last week
Litecoin (LTCUSD) doubled the price over the week : from $ 144 to $ 314, a maximum of $ 348
Keep. Buy at $ 180- $ 200 - the mid-wave growth from $ 50 and the slow moving average on the daily chart
DASH for the week increased by 60% from $ 675 to $ 1082, reaching $ 1200
Resumption of growth after correction.
Keep. Buy on $ 900 - the previous top point
NEM (XEMUSD) for the week increased by 76% from $ 0.38 to $ 0.67, reaching $ 0.77
Correction of the previous takeoff has played out. A buy signal was received from the Moving Average Crossing on the weekly chart.
Keep. Buy on the support level on the daily chart of $ 0.45
Monero (XMRUSD) for the week increased by 44% from $ 240 to $ 345, reaching $ 360
Another takeoff to the absolute maximum.
Keep
Technically, for long-term purchases, the $ 150 level is appropriate - its the previous top and the slow moving average
BTGUSD for the week increased by 32% from $ 220 to $ 290, reaching $ 347
Prolonged consolidation. Mixed technical picture.
Recommendation: stand aside, waiting for a reliable exit from consolidation
ETCUSD for the week increased by 36% from $ 25 to $ 34, reaching $ 38
Resumption of growth after correction.
Buy.
NEOUSD for the week soared by 100% from $ 33 to $ 67, reaching $ 76
The beginning of a new wave of growth after a long consolidation. Achieving the absolute maximum.
Buy
We wish you profitable deals!
Follow our daily and weekly reviews and visit icex.ch
NEM (XEM/USD) Prediction for this week Hey Everyone,
As major platforms such as Dash, NEM, Bitshares and Neo are quietly taking steps designed to bring them into the mainstream and growing rapidly which these platforms are similar to Ethereum in that they offer smart contracts and the ability to create custom tokens, as NEM adoption and development continues to grow and also as the NEM.io Foundation has announced a $40 million expansion plan, and it is building a blockchain centre in Malaysia to promote global innovation which the foundation is also working with Blockchain Global to build a cryptocurrency exchange based on the NEM platform, NEM upside direction against the American dollar.
Now it's a great time to buy NEM and the advantage is that the price is below 1USD.
XEMUSD Trend AnalysisXEM is the #8 on coinmarketcap, recently just passing Monero!
Japan has recently just started to implement this crypto currency.
I see a wedge pattern, with a high probability of a breakout to a new high.
Recently we have been seeing newer highs as the days close by, in my opinion it is just a matter of time before it breaks off into a newer high.
You could go for a quick trade here, or holding for long term reasons might not be a bad thing either.
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.