NEMMany positive news on NEM, will be in October, but so far the correction after growth. The most probable levels of buying are 0.15 and 0.2$.
XEMPERP trade ideas
My old strategy to be checked in XEMIt's my old strategy, from stocks markets. I'am curious if entry like this will pay good here. I changed my view on cryptomarket overnight. Rebuyed my 30000XEMs (25% of all od my XEMs) and try to close this position in TP3 place (48cents). But when someone wants manage more logical entry like this must divide profits in 3 stages (3 blue lines in my chart, 32cents, 40cents, 48cents). Basically that are levels based on Fibonnacci and Elliot's waves counting (wave 5th - if she will be constructed by market, could be 50%, 100% and 150% of previous wave 3rd - can be even more but i use only this three extensions). SL must be under pink line when 1H candle closes significantly under this line. I personaly dont use SL here as i rebuyed my XEMs from my old stack, so i lose nothing if it go lower. But for speculative entry SL must be used. And how to manage this position with profit taking? 50% quantity of position must be closed @ 32cents, and SL goes for the rest of position to the entry point (around 26cents). Than if market goes higher 25%-30% of position is closed @ 40cents, and the rest @ 48cents.
NEM (XEM) in the last phase of the correction.Just one leg down to go. NEM will finish the correction within a couple of days.
For buyers; wait for confirmation after break through of the descending resistance line.
XEM is going back to limbo?Together with all alts apparently. But this bloodbath can give longterm investing opportunity. My target to buy some cheap XEMs is 15cents and lower (in chunks).
Long position. Target $0.318The price has bounced off the support level and the bottom price range border. The general trend is directed upwards. There is a potential to reach $0.318. Next target is at the level of a previous maximum $0.355.
XEM is my gemWhere to accumulate XEMs before his trip tu da Mun? 20% of planned investition to buy @25cents, 30%@20cents, and 50%@ 15cents. Whales will be in this market circumctances hunting, so why not to hunt with whales?
Look at the magic moves in exchangesObserve that situation. If You like gamble, play with exchange. I post it for fun not as analysis.
NEM(XEMUSD) Long Risk Reward: 4.86: 1 Current 0.29553 02Sept17NEM Long Risk Reward: 4.86: 1 Current 0.29553 02Sept17
Triangle formation XEMUSDAs You can see this formation is in play on this pair. So accumulation on retraces with target 50cents+ is now not bad idea.
Elliot waves for XEM fiat pairs.My latest counting for XEMUSD and XEMJPY, must be corrected, according to principles of Elliots Waves Theory. I know that many say, that it not works in crypto or forex or even elswere. For me this theory works, but is very hard to implement in daily trading, and deliver too many possibilities of counting, that often lead to losses on market. But i try to publish my works here, and will be very glad if someone with experience in Elliots Theory help me to determine if my counting is correct.
