NEM POTENTIAL LONG OPPORTUNITY Just took a quick look at my NEMUSD chart. Looks like NEM is on the move today, slight higher high. A bit of volume in the market. Its currently sitting beneath a solid management zone. Keep an eye on this today
XEMBTC trade ideas
XEM divergence * Higher lows on stochs
*Over sold on slow stoch
* Volume spike
* Strong long term downtrend break
NEM Bullish DivergenceThe trading idea is based on a bullish divergence which gives us a trend reversal signal. The price is going to bounce from the support level. We can use the previous high for placing pending orders for buy. Entry level is 0.00002600 with stop at 0.00002100 level. Profit targets are 0.00003300 and 0.00005000 resistance levels. The part of trade volume can be left for long run. This market will allow to increase BTC value, if the market moves upward.
Accumulating XEMXEM (NEM) is one of my favorite projects to accumulate at the moment.
Check out their Twitter @NEMOfficial to see all the projects that are working with currently, it seems like there is progress almost daily.
Also check out their website to learn more about what XEM is. NEM.io
Great team behind them and the prices looked to have bottomed out with a change in the trend.
Setting my targets which I feel will be easily reached once whales have done accumulating and people start to take their eyes off Bitcoin.
I will save a decent amount for future growth after those three targets are reached.
If it does break lower then I will just continue to accumulate more at even cheaper prices.
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.
$XEM/ $BTC 24H: Huge Bullish Gartley. Prize action inside PRZ.BITTREX:XEMUSD
This Zone looks so so good and nice fundamentals. Bankera now supports NEM (XEM) cryptocurrency:
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"You can now buy and sell your XEM, at a favorable rate, at SpectroCoin, along with sending, receiving and storing it. Obtaining XEM is very simple; you can choose from among more than 20 purchase methods available at SpectroCoin, including both crypto and fiat currencies."
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Happy trading everyone.
XEMBTC on BITTREX
#BITTREX
COIN XEM
Buy Zone 0.0000259 - 0.0000261
SELL
Target 1 = 0.00002668 (3%)
Target 2 = 0.00002746 (6%)
Target 3 = OPEN TARGET
Stop Loss= 0.00002455 - 0.0000241
www.bittrex.com
LONG XEMBTC
Breakout on the downtrend
Price above SMA50
SMA5 crossed the SMA50
Waiting on confirmation with SMA10 crossing SMA50
Using the strategy posted on my previous chart it is showing around 35% profit although it should be higher because you would make the trade when it crosses and not a the the closing price.
Thanks to fskrypt for putting it into the editor!
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.
