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XEMUSD trade ideas

NEM Rejecting Second SupportSince the end of April NEM has corrected down strongly, while it moved from $0.45, down to $0.22. At $0.22 it found the support at 88.6% Fibonacci retracement level that has been rejected. Following wave up resulting in a growth towards $0.27 and then a small correctional wave down.  On a correction NEM/USD yet again found the support at 61.8% Fibs, that is $0.24, and at the same time bounce off the upper trendline of the broken descending channel. The rejection of two supports could mean that trend is slowly starting to reverse to the upside, targeting $0.4 level, which is 76.4% Fibs. The downtrend could only continue if NEM will break and close below $0.22. In that case a potential double bottom formation near $0.2 could take place.
POLONIEX:XEMUSDLong
by CryptoPAMM
1
NEM recent technological improvement might skyrocket their priceNEM (XEM) was performing well in the 2017 and it has jumped almost more than 1000% form low of $0.15 till $2.06 (Jan 4th 2018 high). XEMUSD started to decline sharply from year high till $0.2068. NEM has been best performing crypto in 2017 mainly because of unique technology. They use Proof of Importance (POI) instead of Proof of Work and Proof of stake. The POI network looks at three major things to determine importance of coin holder based on amount of XEM in your wallet, how long it’s been there and quality and number of transactions. NEM is working on lot of technological improvements which will be skyrocket their prices in near term. The lot of recent developments in NEM will skyrocket. NEM is set to release XPOS device with partnership with PundiX. NEM and PundiX has partnered in final quarter of 2017. These two are planning to implement digital currencies into retail industry. XPOS devices is initial device under their collaboration and NEM network is set to distribute these device for retailers. NEM have also announced Catapult, a new block chain based engine designed to present new version of NEM protocols and also known as mijin v.2. NEM currently holds the 15th position on Coinmarketcap with market cap of approximately 2.4 billion USD and price is currently trading around $0.2700. The pair is expected to trade higher on account of Catapult announcement. Technically the pair has taken support near $0.20 and jumped till $0.4560 (Apr 25th 2018 high). Any further weakness can be seen only below $0.20.On the higher side, major resistance is around $0.450 and nay break above will take the pair to next level till $0.5560/$.0.6400. It is good to buy on dips around $ 0.2600 with SL around $0.2000 for the TP of $0.4500/$0.5500
HITBTC:XEMUSDLong
by FxWirePro
2
Crypto Challenge - NEM alertNem caught me by surprise here. There was a false breakout and then quite a spike back above the alert but I don't have conviction to take the trade so I don't. I don't want to start chasing it now. Might get a small retracement back to support. I use Heikin Ashi candles in my trading method as the default but I can also look at normal candles as well to see a different perspective. The market action is very undecided at the moment. Only two open trades in the challenge demo which are XLM and TRX.
HITBTC:XEMUSDEducation
by TheTradersBias
A long-term trading opportunity to buy for NEMUSD !Technical analysis: .NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 41. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (0.298) .Ending of entry zone (0.195) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.439 TP2= @ 0.655 TP3= @ 0.850 TP4= @ 1.169 TP5= @ 2.147 TP6= Free
BITTREX:XEMUSDLong
by ForecastCity
A long-term trading opportunity to buy for NEMUSD !Technical analysis: .NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 41. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (0.298) .Ending of entry zone (0.195) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.439 TP2= @ 0.655 TP3= @ 0.850 TP4= @ 1.169 TP5= @ 2.147 TP6= Free
BITTREX:XEMUSDLong
by ForecastCity
4
Another one dump.Seems to be endless, but testing of longterm trendline @logarithmic chart should give here some support, if not 10cents is imminent (or around it). Last buy signal from RSI gave some bounce but move from 20cents to 40+cents is a small correction in this downtrend. XEM reacts of course more nervous than BTC to dumps in the wide scene of cryptomarkets. My view however is unchanged. NEM will surge from his dips. Maybe even in this year if not in the next. Cup&Handle formation can be formed much longer, as it was in case of BTC.
BITTREX:XEMUSD
by orminlange
NEM Downside CorrectionNEM has reached the high at $0.46 and then formed a strong resistance at the 76.4% Fibonacci retracement level, which is $0.44. The resistance has been rejected for tree consecutive times suggesting the corrective move down. XEM/USD first downside target is seen at $0.34, where resistance was formed back on the 20th of March. Second support is based at 23.6% Fibs, that is $0.27 and this is the area where the 200 Moving Average was broken. It is important to watch these resistance levels for either a rejection of a breakout, but only break and close below the $0.27 could be a confirmation of a downtrend continuation. On the upside, clearly the resistance at $0.44 in general and $0.46 level in particular must be broken, with the daily close above it. In that case the uptrend is likely to continue and could result in exponential growth.
POLONIEX:XEMUSDShort
by CryptoPAMM
2