XEMBTC trade ideas
XEM in full bull modeShortly after I posted my last chart, XEM successfully broke out of the falling wedge and made a nice run up to 1784, then consolidated a bit, and shot straight to 1984 hitting exactly the fib level from my fib fan. Right now we are seeing a retracement to 1784 which became a new strong support level.
My projection is that we will probably see a bit of consolidation again and then make another attempt at breaking 2000. Once 2000 breaks we will probably see the price jump into the mid to high 2000s.
Bullish falling wedge formingXEM seems to be in a falling wedge right now. The 1150 - 1200 satoshis support level is strong and seems to be holding, and the volume is decreasing, which means that the short term downtrend is losing steam. If it manages to break out of the wedge convincinly with a big volume increase that should mean a trend reversal is incoming and a big move up.
IMHO, holders will be rewardedSource: bitcointalk
Quote:
"I'm here to report back about the Inside Fintech event.
Our booth was a big success and Rene did a great job presenting Apostille on stage with a 45-minute talk.
It was a very big success. We were very busy and still are very busy following up from the event and expect a lot of things to come from it.
I personally talked to lots of people that were not aware of NEM and they now are impressed with it.
NEM is now on the radar of the top blockchain players in Korea and we have a lot of following up to do.
There were many smaller projects that are now looking into NEM and at least one exchange and I talked about a dozen large banks and financial institutions about mijin.
We also made lots of connections in the blockchain academic world and will be following up on those too.
A few interesting things. Everybody is "talking" blockchain and how it changes the world, but nobody is doing live demos like we were. Quite a few heads were turned in live demos when I showed them namespaces, send by name, making your own asset, multisig contracts, and Apostille all packed nicely and neatly into one platform that works and is here now. NEM is actually a pretty amazing technology and blockchain platform and people are starting to get that now.
Additionally, there is a big world out there of really important people that gain their blockchain awareness and education at events like this. Such people don't venture into BTT or other forums and such people rarely ever get to see live demos of tech as great as NEM.
We really need a lot more people to attend and promote NEM at conferences like these. The platform almost just sells itself. If we can improve our marketing, I think we can get a much larger market share of actual blockchain projects for real businesses.
We are really busy right now at the moment preparing for other events. For instance this week we are making an application at a bank and will meet with a group of important businesses, but when we have time we plan on posting more pics and a video of Rene presenting Apostille."
XEM (NEM) - uptrend breakout tradeThere is quite a lot of sells on the orderbook between the buy-stop price and the current price. If the price manages to get past all those sells then it has a good chance of pushing further in this trend.
Best to bear in mind that this uptrend could drop suddenly if bitcoin resumes a healthy uptrend. However this could take a couple of weeks.
Some of these alts have really low volume at times so be careful buying as big orders will go right through the order book
Good luck!
Mark
TARGET DESTROYED AND HUNGRY GO FOR MOREAfter reaching the target and surpassing it with great force, NEM / XEM is demonstrating its power and protagonism. I even encourage to say that it will be one of the main cryptos this year.
Of a healthy, gradual and progressive behavior, it is an ideal long-term investment. It is very probable that with the fall of the BTC (orange line) successfully exited the kumo to finish forming the pattern in a few months with that gain. To be in the number 11 in the ranking of coinmarketcap, climbed in these days 2 places remain ninth.
Https://coinmarketcap.com/currencies/nem/#charts
Https://blog.nem.io/creating-a-telegram-monitor-bot/
Thank you all for your time!