XEMBTC trade ideas
XEM not ready correctingAlthough the RSI is oversold right now, it doesn't directly mean this coin is ready with its correction.
The last correction (white) lasted almost 200 days.
If we can follow that indication, we are now past 1/4 of the total correcting of this cycle.
The coin will go sideways (between the 0.782 & 0.88 level) for a long time.
Thus i'm short on XEM/BTC.
#LOVE
XEM/BTC Awaking Time?Hi everyone.
I've been following this coin on it's strong downtrend and I think XEM is going jump.
Right now (4H):
XEM is jumping on 0.786 Fibonacci level,
the price has broken the downtrend line,
MACD shows an uptrend and RSI is reaching 50 on 4H chart.
AND (1D):
RSI is in oversale level,
MACD is close to cross lines on 1D chart, so...I'm awating a big jump on price.
"PLUS"
I read few days ago, something like this: "...a bullish price can be manteined if RSI is over 40 level". Checking 1W chart, RSI is over 40. Does it true?
I'm new on this... I would like know your opinion to make this chart helpful.
XEM: History to repeat itself?After all the negative news that XEM has had after about 530million was stolen from Coincheck, it dumped pretty hard and of course has dumped even harder following the Bitcoin correction. It is not holding up very strong at the moment, and it is currently mirroring last year's downtrend pattern. If you hold XEM, and you're not in much loss, it may be time to consider selling all or part of your position.
As always, DYOR before making any decision.
good luck!
-Kolhaj
NEMBTC Bounce on Support Line?Since the negative news of Coincheck XEM wallet hack at January 26, XEMBTC is still downtrend during the investigation phase. Bittrex is still closing their withdrawal/deposit on XEM wallet so arbitage there still not possible until today
The +- 0.00005000 BTC seems to be strong support line multiple times before
DWYOR :)
Possible XEM spikeFirst publication so be gentle..
XEM 1.58% looks to be ready for a bit of a run as it has been on a downward trend for a few days now.. Hoping for it to climb to a minimum of 6300 but could go as high as 7000 if we are lucky..
Ideal buyin 5800 or below.. Stoploss at around 5550.
Treat this with a grain of salt and happy trading! :)
$XEM/$NEM - [TA]One more dip before a pumpChecking out the 4H:
Two rejections after it dipped below the 50% retracement line, 3rd time's the charm. Make sure to set a stop loss just in case.
Entry zone : 6020-6610 sats.
6610 is a bit high because it's looking pretty bullish and it's been under the 55EMA for way too long, and the EMAs are about to cross.
It is possible to miss the buy in target, but the MACD and RSI aren't looking too healthy at the moment.
Now, let's take a look at the 1D time interval.
Clear support and resistance lines. Looking absolutely fantastic with RSI and MACD just about to cross over.
I never remember which is the ticker and which is the name...