XEMBTC trade ideas
NEM + CATAPULT + = global solution for global financeThe solution of the connection between commercial product MIJIN with private blocking and NEM with its public blockchain is called catapult, the release of which will make a furor in the sphere of finance
Moving in channel. Near support line. Going to the resistance line of the channel
Buy on pullback to supportWith a tight stop loss and potential to reach the upper Bollinger band and reverse. MACD is showing higher highs. Long entry is around the cross of the SMA 50 and SMA 100 or as low as the crossing between SMA 50 and SMA 20. Stop loss slightly below the lower crossing.
XEM implements a decentralized exchange with unprecedented speed. This topic will be hot.
Super short term XEM BTC Entry Reward to Risk 5:1Interesting set up happening on the 5-15 minute scale.
Pending order can be placed just above the triangle. First target is marked in blue.
Reducing exposure at first target and adjusting stop-loss to buy in price.
Happy trading!
Comments, questions, and feedback always welcome.
New Economy Movement Ascending Channel (XEM/BTC)XEM/BTC otherwise known as NEM/BTC has established a short term ascending triangle with considerable resistance at 3500. If the ascending channel does not break, New Economy Movement will transcend above this resistance line towards 4440. If a breakout on the ascending channel occurs, 5548 will be the next target level.
Target: 4440
Second Target: 5548
NEM Long Term Trade The trading idea is based on a trend reversal signal. The price is at SMA100 which is strong resistance line. If the market can break this zone and move above the local swing highs, we'll get the trend reversal signal. DMI and MACD support upward movement. We have good buy opportunity for long run. Buy orders should be placed at 0.00004100 level with stop orders at 0.00001900 level. Profit targets are 0.00009000 and 0.00012000 resistance levels.