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XEMUSD trade ideas

NEM (XEM) Rises As Coincheck Commences Refunds Take a look at this beautiful chart for XEM. Each candle represents a 4-hour time segment. As you can see, it is moving upward on a tight channel (cyan) that began on around March 10th. Previously to that, it was also moving upward on a channel that began somewhere around March 6th-7th. At this moment it is completing the 3rd wave of its current Elliot Wave impulse rally. This coincides with the intersection of the (cyan) channel's support with the (yellow) channel's resistance. This could mean a premature correction that could prevent us from reaching our target of $0.50 due to a lack of momentum (specially when you consider the current region of the Keltner Channel (blue) that XEM is currently cruising within. On top of that, it's clear that we are far above it's EMA(55) and a retracement is due. Retracement once full Elliot Wave correction is completed should coincide with a fib level, and in this particular case it seems to me like it'll retrace to 50% to coincide with the bottom Keltner Channel for healthy movement as well as with the support of the (yellow) channel. The RSI is also showing we have recently entered overbought territory and this should also trigger a sell-off from the bears. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice*** 
POLONIEX:XEMUSD
by ZpaceBuddha
NEM. -50%.NEM’s rate was not satisfied with the first reduction target, which we wrote about in the previous review: $ 0.40 And fell to the minimum at $ 0.26. Now there has been a corrective rebound. The technical picture remains bearish. And we recommend using this rebound to open short positions. For this, you can use the region of $ 0.35- $ 0.40 Former support has now become resistance. The goal of the decline is the historically strong support level at $ 0.2. So from $ 0.4 it’s -50% Cancellation of the idea is in case of receiving a buy signal from the MA cross (for this the price should rise and remain above $ 0.4) Profitable deals and follow our reviews!
BITTREX:XEMUSDShort
by icexch
5
NEM is bought by institutionsThe price of the "NEM" coin (XEMUSD) today came to a strong support level of $ 0.32, which was tested last year and the price after that began an upward movement. The graph shows that near this level, trades are held at very high volumes. Probably this is connected with the recent presentation of "NEM" technologies at the BIBSummit Banking Summit. The presentation said that the technology can be combined with the existing business model to address the most "painful" areas with which it faces the banking sector. Now XEMUSD is trading above the support level of $ 0.32 and the technical indicators are forming a divergence, which should be seen as a reversal signal a good opportunity for a speculative long. On the other hand, for long-term investment, one can look for projects that have been recently listed on the exchange. I actively watched how to start trading on CREDITS and their results look promising. It is worth looking at this project.
HITBTC:XEMUSDLong
by Pricemann
NEM. The first goal of a consecutive short was achieved.In the previous NEM review, we proposed the idea of a short from $ 0.65- $ 0.75 with a target of $ 0.40- $ 0.35 $ 0.65 was achieved and now the first target at $ 0.40 is reached. Unlike many other cryptocurrencies, NEM was unable to draw a buy signal from the MA cross on the daily chart. Volumes of the decline are clearly increasing. In general, signs of a reversal are not visible. So you can keep at least part of the short positions. Moving averages just as the resistance level decrease and now around $ 0.5 Support is still at $ 0.35 and $ 0.20 We wish you profitable deals and be sure to check out our website at icex.ch!
BITTREX:XEMUSDShort
by icexch