XEMBTC trade ideas
NEM/BTC Might Revers To The UpsideYesterday NEM broke above the downtrend trendline, showing its' strength against Bitcoin. Prior to that, a bullish divergence was formed on RSI Oscillator, and then downtrend trendline of the RSI was broken. Here you go, more signs of XEM/BTC potential upside move.
NEM is still yet to prove its' upside potential by breaking and staying above the 200 Moving Average. However the price could get to 4900 satoshi during coming weeks, and if it breaks above next target could be 7400 satoshi.
Keep in mind that the trend is not bullish yet, NEM just starting to show signs of a trend reversal, but this, in fact, could be the beginning of the uptrend. At the same time break below the support at 2000 satoshi, would prove that Bitcoin is still dominating.
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.
XEMBTC Break out if trendline breaksIf the trend line breaks through and closes, we will be able to go long.
Nem (XEM) is a good Long opportunity The lowest blue Line should act as worst case bullish-support where everything above is a good buy (depends on market where the lowest dip will be) .
As the market only got hits by lates Bitcoin ATH we saw incredible lows on the altcoin market which all could correct up a bit .
I have choosen New Economy movement because i watched the hole hype with japan adopting it as second biggest cryptocurrency but never bough a single coin.
Now i think we reached a Point, where we could relatively safe get in for some short term profits and the goal to hold some 'free coins' over the next years.
I used my usual indicators as well as the Ethereum price to use it as main 'altcoin index' .
Happy trading, Cheers
Max
Enough! Lets the Growth begin..!After enourmous growth we got fair falling, and now I see possibility for next move.
Next 2 weeks price moves for XEMBTC "prediction"I try to be in this like a prophet. I'am curious if the chart can be drawed by market forces similar to my drawings.
XEM/BTC- UP UP and away!Based on Volume, this may seem like the next hype. Assess your risk and determine if this is a good entry!
XEMBTC Poloniex. Potentially 60%-155% profitThe graph clearly shows the figure of the triangle, the exit from which is possible most upwards, but there is also a scenario - when the price can drop below the level of 0.236 fibo
Do you trust NEM ?(how many X can it does?)Now NEW has many positive news , hold confeneces , meet ups. During 3 months it does not fall below 0.00005 support zone and made correction only 50% unlike other coins ( 80-90 %) I guess it has wonderful long perspective but i wait for best entry on 0.00003 lvl
SEPTEMBER 23 / #XEM / block chain MeetUp / Meeting with Jeff MacDonald Berlin
SEPTEMBER 25 / #XEM / Discussion meeting @nem and ex-coo @hsbc private bank
OCTOBER 3 / #XEM / Forum blockchain solutions Barcelona
OCTOBER 17 / # XEM / meeting 2017 Australia
OCTOBER 22 / # XEM / 20/20 conference in Las Vegas
October 24 / #XEM / blockchain Summit in Dubai
+ICO on NEM's base - COMSA
XEM/BTC up trendThe look looks like it is moving towards a convergence, indicating that it may be reversing in the near future, with the expected break in the range of 0.00005300-0.000005500.
Expected profit:
- target 1: 0.00007200
- target 2: 0.00008800
I expect a second correction wave at the XEMBTC exchange rate...I expect a second correction wave at the XEMBTC exchange rate. This second half wave would complete the two wave correction movements. The correction level for further decrease is the level of 0.00002976 levels. Then, the exchange rate may begin with a slow rise. Then, reaching the second steep ATR axis, it accelerates to reach the level of 0.00007316 levels. This is the primary purpose of the subsequent rise. Since the underlying rule of ascending wave movements is that the movements in the correction phase reach the doubling of the drifting phase, so the exchange rate may also reach the second target price of 0.00009433
