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XEMUSD trade ideas

XEM/USD bullrun prospects. So, let's evaluate chart history, I'm not a fan of short forecasts, and we should look at broader patterns. To do this, let's try to build a Fibo channel on a weekly chart (with logarithm enabled, it's important) so that the ascending diagonal is 0 from which the growth starts. 1. The first episode. The price went up to 0.236 Fibo, and for some time sneaked over up this line, using it as support. From it the start was made to 0.618 Fibonacci, after which the correction made a pullback to 0.236 level. The growth was over ~21000%. 2. The second episode. From the level 0.236 the price has made upwards exactly to one (1). Interestingly, the top of first weekly candle (listing candle) is exactly the same as the level of one (1). The global movement was not over and the price held0.786 level. It began a further assault, which logically should have ended at 1.618, but this did not happen, because market finally overheated in the first days of January 2018. 3. And here we are. Starting again from level 0 (I propose to consider this as the current starting point on weekly chart on July 27). And let's assume that this is a repeat of first episode scenario, where 0.618 has a ceiling for this run, which will inevitably end with a rollback of 0.236. And one more condition, let's assume that the New Year's Eve, start of the newest NIS2 Symbol (XYM) Net in December (forum.nem.io read carefully!!!!) and the falling BTC dominance merge into devil's cocktail, when the price is really "heated up». Pull the price to 0.618 in the channel with a point before the New Year... And we see that for this price must be done as a much smaller mileage of ~5400%. The remaining time of 3-4 months is quite enough for that. Long-term diagonal resistance defeated. Ichimoku clouds on the weekly graph have already been bullishly configured. The price is traded above EMA200. Not a trade advice. That's all for now.
POLONIEX:XEMUSDLong
by averkie_skila
9
XEM/USD LongXEM/USD is ready for expansion upwards The Symbol $XYM airdrop/snapshot is happening this week, meaning that if you hold at least 100 XEM and opt in to receive the airdrop you will be airdropped XYM at a 1:1 ratio with the amount of XEM you hold. This means if you hold 100 XEM your wallet post-airdrop will have 100 XEM and 100 XYM. This is a fundamental catalyst for the price to move upwards plus XYM has a mainnet launch March 15 which usually leads to price expansion for the token for the blockchain's mainnet so people will be quite incentivized to have a stack of XEM pre-catalyst. The airdrop coupled with the bullish TA this chart has printed makes this coin attractive: Ichimoku is bullish as can be: -Kumo cloud is green -Tenkan is above Kijun -TK is above green Kumo -Tenkan acting as support -Lagging span is above price -No C Clamps forming calling for a correction MA30 well above EMA100 4H chart: -Orange resistance line flipped and confirmed as support -Bull pennant printed, creating a breakout target of $1.16855127 BTC pair: -4H bull pennant in the making -1D chart S/R flip of a multiple year resistance is 5 hours from being confirmed -1W chart confirmed crossed over the 1/1 Gann Fan line ensuring this coin's bull run has just started Fib retracement puts our first target needed to be S/R flipped at the .382 zone @$.82283208 Soon after that the .5 fib area should be hit @$1.07008417 Then price will be headed toward our bull pennant target near the snapshot/mainnet launch dates.
POLONIEX:XEMUSDLong
by Hrempe
XEMUSD LongWilliams Alligator Indicator shows the alligator starting to ¨open its mouth¨, with candlesticks moving further away from the lines, indicating the presence of bullish momentum. RSI shows that XEMUSD is not overbought or oversold, therefore, a trend reversal or corrective pullback are unlikely to occur in the near future. MACD line is over the signal line, indicating the presence of bullish momentum, but it is evident that it recently experienced bearish momentum as the MACD line moved closer to the signal line. Candlestick Patterns: One week ago, a Bearish Engulfing pattern emerged and the bearish reversal was confirmed by subsequent bearish candlesticks. 4 days ago, a bullish Morning Star pattern emerged and the bearish reversal was confirmed by subsequent bullish candlesticks. One day ago, a bearish candlestick formed. It is too early to know whether a bearish reversal will take place but that will depend on how the price behaves the next few days. Overview: Overall, all indicators and candlestick patterns suggest that XEMUSD recently experienced a price correction, and is currently in an uptrend and experiencing strong bullish momentum. A long position is recommended, entry price should be set slightly higher than current price for assurance, and stop loss should be set at about -5%.
POLONIEX:XEMUSDLong
by Amy_VF
💡 Don't miss the great buy opportunity in NEM/USDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NEMUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.37500 TP2= @ 0.43000 TP3= @ 0.47600 TP4= @ 0.55000 TP5= @ 0.63000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITTREX:XEMUSDLong
by ForecastCity_World
21
💡 Don't miss the great buy opportunity in NEM/USDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.31). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NEMUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.37500 TP2= @ 0.43000 TP3= @ 0.47600 TP4= @ 0.55000 TP5= @ 0.63000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BITTREX:XEMUSDLong
by ForecastCity
8