NEM / $XEM: Good buy opportunityThere are several signs $XEM is a good buy opportunity.
Low RSI.
Below Moving Average
Heading to strong support.
Time for an uptrend...
XEMUSD trade ideas
NEM SIDEWAY TRADINGNEM is in side way for more one month, this situation makes hard to trade but fortunately we have two way to trade
For those short term buy around @0.16571500 and sell around 0.23820450
For those longterm buy around @0.14566140 and sell around @0.2439788
NEM bullische DivergenzThis idea is confirmed by the growth of the trading volume, as well as the transition of the histogram of the MASD into a positive trend. I recommend opening deals from 0.22, at the level of the last resistance.
Situation update and chart redrawing.It's simplified drawing made by me in comparison to the last one chart @XEMUSD
Under 24-28.5cents area XEM is poised to sideways moves with tendency to slow sliding down (in case of BTCUSD pushing higher), or growing dumps and more blood in chart (after the topping @BTCUSD and dumping behaviour, as it was). It is now visible that XEM and overall altcoins did not participate in Bitcoins bullrun, like it was in Spring or in August. So after topping there and greater correction this can turn out badly for altcoins and XEM is not immune in that matter of course. It's really sad that i have no technical positives for "hodlers" of XEM, but maybe 2018 year and further developing of NEMs ecosystem and platform can change something in price moves. Looking historically @XEMs price moves, the autumn was the best time to accumulate XEMs cheap, and then sell it in the next year. That worked for me 2 times in a row, i'am curious if it can works one more time.
I'am waiting patiently here...to retake XEMs cheaper
50000XEMs pending buy@ 0.12
50000XEMs pending buy@ 0.09
100000XEMs pending buy@ 0.0375
This plan is valid to the end of November or will be invalidated, when double black lines area will be broken per daily candle close above it.
It's good to buy and hodlElliott Wave, Supply and Demand, Support and Resistance, Parallel Channel, Cup and Handle.
It is time to invetst here some money.I use 30% of my planned Fiat investition in this coin now, as we are around 38-44 Fibo from ATH. My entry is around 21,5cents. No SL for this long, first target 31,5cents. If we go lower i dont care, i will buy more.
XEM Going to be hot againI've posted all the important dates on the chart and highlighted each day with a red vertical line. XEM is poised to move on speculation following these dates. So be sure to buy the rumor and sell the news.
XEM is also in a technically good spot for ripe buying opportunities.
RSI and Stochastic just bottomed out on the Daily
Price is near a strong ascending Trendline
On the 4Hour i will be looking for a pullback and possibly a last leg to test the bottom again and bounce off the blue area I have outlined. That would be the ideal place to buy,
XEM is mirroring BTCUSD moves.Divergences say me to be bullish here. Until the black line holds of course.
XEM(NEM)/USD.NEM brokeout ressistance and tested
waiting for rising after bounce from Support+0.618 F lvl
Use Suply zones+ 1 & 1.272 F lvl as targets
Future of XEMMy next vision is basically constructed with new approach to technical analysis, presented by this guy
NEM / Dollar
The Support Line (yellow-line ) of 0.20 need to be maintain, there is a possible break at the resistance (Pale Blue-Line) 0.21. I will see how is at gonna play by the end of the month.
Where catch cheaper for scalp?As i expect from market another wave down, the only way on this thin market is to trade in XEMJPY (as XEMCNY and exchange for it is not good at all for me), so we must recalculate levels from USD to JPY.
My longterm vision of price behaviour for XEMUSD pairThis is how i count waves for XEMUSD in logarithmic chart.
Double bottomDouble bottom @30min chart
The whole area 16-19cents was supportive for this bounce, we must remember anyway, that situation is corelated with BTCUSD bounce from around 3000. Both pairs behave similar, but there is always some differencies too. I dont say "buy now before too late". The trend in Crypto is now distorted after chinese gossips, and FUDsters public comments (for example CEO of JPMorgan). But if You want get longs in this situation, remember if 3000 on BTC holds, XEM should hold above 16-19 cents too.
