Huge hidden bullish divergence It has already started, please see the attached long term projection for a more detailed outlook
XEMPERP trade ideas
Updated XEM/USD end of descending wedge/triangle Looks like we formed a larger pattern here and are still finalizing the last of this play before the next move.
Nice long legged candle on daily hitting support. Stop loss below the long term trend line from bottom couple months ago. Prob only 2-3 days max for directional decision,.
XEM macro reversalXEM as I said before is 1 of the best fundamental coins out in the crypto sphere. This makes me believe that it should have a recovery to its price. If you look at the 21 MA on the weekly chart and see the price cross over it after a long time under the 21 MA. It seems to be the first indication of a trend reversal. As long as the weekly price closes above the 21 MA stay long.
XEM / USD pricing in July network upgradesThe 12+ month down trend is over.
Higher highs and higher lows + momentum indicators on Monthly timeframes have scrapped the floor of ATL's and are now slowly exiting over-sold territory.
Just like BTC halving and ETH inflation reductions with network upgrades, XEM is only 3 months away from the very large "catapult" upgrade and this is starting to be priced in.
Conventionally after such a long bear market, we should have seen a flat sideways accumulation period.
However since king BTC is pushing higher and faster then expected, I anticipate the XEM/USD and many mid-cap Alts to be under an 'aggressive' accumulation which floats up.
12c will be a battle and a required pause to reset various indicators, then it's onto the next fib level.
Alternatively, if the current descending wedge on the daily does break down (ETA for wedge breakout is any time now), then expect 5c retest and a more traditional flat accumulation range between 5c-10c for a few more months.
NEM / USD Technical Analysis: Regaining TrustNEM / USD Short-term price analysis
The NEM / USD pair has a strong short-term bullish trading bias, with the cryptocurrency recently advancing to a new monthly trading high.
The large inverted head and shoulders pattern on the four-hour time frame has now been triggered after a brief period of consolidation around the neckline of the pattern.
Technical indicators on the four-hour time frame remain bullish and continue to generate a strong buy signal.
Pattern Watch
Traders should note that the overall upside objective of the inverted head and shoulders pattern would take the XEM / USD pair towards the January 8th swing-high.
Relative Strength Index
The RSI indicator is bullish on the four-hour time frame, although it is approaching overbought conditions.
MACD Indicator
The MACD indicator on the four-hour time frame is bullish and continues to generate a strong buy signal.
Fundamental Analysis
The spike of positive sentiments towards NEM, is most likely connected with the fact that the project should announce the roadmap for Catapult, as was promised, by the end of Q1 2019. Catapult has been long awaited by the community and should bring additional functionality to the NEM blockchain including trusted decentralized swaps, multi-faceted transactions, multi-level multi-signature transactions, automatic fee payment and more.
NEM / USD Medium-term price analysis
NEM has a bullish medium-term trading bias, with the cryptocurrency moving closer to its trend defining 200-day moving average.
The daily time frame shows a bullish breakout from a descending price channel, which the cryptocurrency had been trapped inside since December of last year.
Technical indicators on the daily time frame are also bullish, although they appear more overstretched than the four-hour time frame.
Pattern Watch
The overall upside objective of the descending price channel on the daily time frame would take the NEM / USD pair towards the November 29th swing-high.
Relative Strength Index
The RSI indicator on the daily time frame is bullish, although it has moved into overbought territory.
MACD Indicator
The MACD Indicator is bullish on the daily time frame, although bearish price divergence is starting to emerge.
Fundamental Analysis
NEM has been recovering from an extended bear streak since the new Foundation started restructuring project’s operations. Nevertheless, giving the previous failures of the project, the success of the new team is not guaranteed and there is a risk of potential sell off if the new team will not be able to deliver on the promises they have made.
NEM / USD Conclusion
NEM is growing increasingly bullish, with both time frames currently showing bullish patterns playing out to the upside.
If the XEM / USD pair can start to stabilize above its 200-day moving average, the cryptocurrency could easily reach the intended targets of the bullish patterns on both time horizons.
Megalodon Pro Automated Trader - XEM - Short Term BullNEM looks like a good buy for the shorter term.
In terms of BTC
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NEM (XEM) Rises 6% as the Bulls Push BackAfter a rough start to 2019, the altcoin has moved higher (18%) over the past week.
NEM (XEM) Is Looking Like A 10-Cent Time Bomb
After taking huge losses since its January 2018 all-time high, the price sank to the $0.10 mark, where it stagnated and traded sideways throughout most of August through October — validating the level as a strong support and potential resistance.
Since Bitcoin’s most recent decline, however, we have seen NEM continue to sink below the support — unable to escape the massive descending trend line.
One should be extra cautious in entering a position in the current bear market. Below the $0.10 support, there is not much in the way of a safety net, as the next rung down could put the price in the area of just $0.01.
If NEM is able to regain stable ground above the $0.10 mark and establish itself outside of a descending trend, there is a chance of attacking the $0.18 to $0.20 level.
Read the full analysis at BeInCrypto : beincrypto.com
Start BuyingIf you haven't started buying yet, you will probably be a poor person for the rest of your life.
XEMUSD: Close to our final Target.The 0.0777 Lower Low was made but still the 0.060 mark was defended from last week's sharp sell off. Regardless of this resilience, the 1W Channel Down (RSI = 35.284, MACD = -0.076, Highs/Lows = -0.0092) is still in need of a new Lower Low and that is why we still have one TP left at 0.060. This point will complete our long term shorting sequence on XEMUSD (unless the monthly SMA100 = 0.05092 holds, in which case we will book the profit manually). The coin should then consolidate for a 2 - 3 month period and establish a support. We will update when the support base gives a new pattern.
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NEM (XEM) re-listed on Coincheck exchange____ Click "Like" to help NEM rise ) ____
NEM is a dual-layer blockchain similar to Ethereum but written in Java, that is one of the most popular computer programming languages. Launched back in 2015, the NEM mainnet supports multiple ledgers on its cryptocurrency layer, and the NEM Smart Assets layer supports mosaics to represent any store of value. NEM’s proprietary crypto coin is XEM, which is harvested (mined) using a Proof-of-Importance algorithm. Its the Smart Asset System that makes NEM so powerful. Nodes on the NEM blockchain process API calls, which makes it easy to develop for, whether the dApp accesses NEM’s API directly, through a server, or in the background. In short, NEM built a blockchain-based cloud platform with a NEM Infrastructure Server (NIS) made of secure, decentralized processing nodes on one side and a client side, like the NEM Community Client (NCC), which acts as a gateway.
Back in January 2018, Coincheck suffered a malicious hack, where thieves managed to steal approximately $520m worth of NEM. It was the most expensive theft on a cryptocurrency exchange as compared to the Mt.Gox theft, $450 were stolen. NEM stopped tracking the coins in mid-March after concluding that enough data was provided to local law enforcement to conduct a full investigation. Coincheck responded to the hack by refunding the 260,000 affected users in JPY from their own capital. Such decision to refund was taken very positively by cryptocurrency community and recently, on the November 12, Coincheck announced the resumption of trading for XEM coins.
Quote of an announcement:
“ resumed new account opening and payment/purchase of some virtual currencies on October 30, 2018,” the exchange announced on their website. “With regard to ETH, XEM, and LSK, technical safety confirmation has been completed with the cooperation of external experts and we have resumed payment/purchase of the virtual currency from November 12, 2018.”
After the re-listing announcement by Coincheck, price went straight up, while NEM gained over 60% against the USD. Price tested the $0.15 high, but then immediately corrected back down. Currently XEM/USD is trading at $0.094, after rejecting the 61.8% Fibonacci support. Although the spike below the support has been produced, it managed to close above. This might suggest the strength of the XEM coin, and as long as support holds, price is likely to increase.
However, considering the collapse of the Bitcoin, NEM also remains in the risk territory. Further decline towards $0.086 Fib support, or even down to $0.08 psychological support is to be expected.
Have no time for waiting...so i get 50% of planned entry for November @9.6cent and another one half if some unexpected turbulences will occur @6.3cent. For 2% of my capital. XRP does not want to retest his last significant dip @25 cent (from my last prognosis) so i choose only XEM. For other junkcoins i have no time to analyze. Maybe Nano, Verge, Tron, Cardano and Stellar have some chances for bump, but this bumps if it will ever occur will be bulltraps. 2019 will be hard time for cryptohodlers. Even this horse Ripple will be doomed. My last post in this year (in case of crypto, i choose now to play with options on stocks).
