XEMUSD trade ideas
Multiple signals on XEM showing bullish*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
I have multiple buy signals on NEM, here are the lists.
Volume have been increasing aligns with VROC signaling trend reversal.
Typical rounding bottom on XEMUSD chart which gives a target of 0.8USD or 600% from current price.
On the other hand the XEMBTC chart shows downtrend line broken also signaling bullish.
XEM! Just my two cents!This baby is getting ready to launch! But prepare for trouble! Make it double! Team Rocket isn't blasting off quite yet!
Don't be fooled by the latest pump! It will go lower before it hits the stratosphere! It could go to 2 cents, 1 cent wouldn't surprise me either! Wait for the cryptocurrency meltdown to hit rock bottom, then load up!
Profit on XEM with 1 indicatorBuy Green
Sell Red
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it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
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it works good for stocks and cryptocurrency.
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you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
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when a green dot -6.68% -7.44% -7.44% appears you buy, if a green dot -6.68% -7.44% -7.44% appears after that green dot -6.68% -7.44% -7.44% you hold your investment.
if a red dot appears you sell your position. easy as that.
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the standard dots setting will be set to 10 - use this for any chart above 3 days
change the dots setting to 6 for 3day charts and below
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shorter time frames will be choppy.
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larger time frames will be smooth.
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*Daytrading smaller timeframes is possible but not recommended.
XEM massive gains w/ this 1 indicatorBuy Green
Sell Red
it's mainly for swing trading, i use the 3 day / 15 day / monthly charts with it and it works perfectly,
it works good for stocks and cryptocurrency.
you will use heiken ashi chart style and turn on the EMA DOTS indicator.
once the indicator is on you will hide the heiken ashi so you only see the dots.
when a green dot appears you buy, if a green dot appears after that green dot you hold your investment.
if a red dot appears you sell your position. easy as that.
shorter time frames will be choppy.
larger time frames will be smooth.
XEMUSD: TP hit. Rejection successful. Channel Down intact. ShortTP = 0.088 hit as the 1D Channel Down (RSI = 37.914, MACD = -0.002, Highs/Lows = -0.0056, B/BP = -0.0102) made a standard technical Lower High rejection, with the price testing the 0.08788 previous Lower Low on the inner Channel. The bearish momentum on 4H is accumulating (Williams = -82.770) and should look for at least a 0.0777 Lower Low. On the long term we are still targeting 0.060.
XEMUSD: Expect a rejection on the 1W Lower High. Short.The price is approaching the Lower High limit of the 1W Channel Down (RSI = 37.875, MACD = -0.079, Highs/Lows = -0.0014, B/BP = -0.0321) and if the 1D candle breaks 0.09500, it is a confirmation of a break out towards the 0.0777 1D support. 0.088 can be your first TP but we are still looking for 0.060 on the long term.
Buying XEMWhen BTCUSD pops, most altcoins are also going to pop. They all move together. So buying more than a handful is not useful. It just increases your fees.
When I look at the top coins, I think XEMUSD has the most potential.
XEMUSD is 23x from the ATH
ETHUSD is 7x
XRPUSD is 7.5x
BCHUSD is 9x
XLMUSD is 4x
ADAUSD is 18x
IOTAUSD is 13x
You get the idea. I think they will all move up accordingly. It's possible something like ETHUSD or BCHUSD could make a breakout for #1 position, but I'm not going for that bet this year.
I think we will get highs, but not new all time highs this year.
So instead of buying 50 to 250 of the top coins, I'll stick to a handful.
XEMUSD: 1D Channel Down intact. Support test ahead.XEMUSD delivered the anticipated bearish leg on 1D giving shape to the new 4H Channel Down that should eventually test the 0.0777 1D support. As seen on the chart, 1D is a clear Channel Down (RSI = 48.355, STOCH = 33.730) but until that support breaks, on low gradient (MACD = -0.001, Highs/Lows = -0.0003). We are still bearish, aiming at 0.060.
XEMUSD: Simple Channel Down pattern. Short.NEM is following a Channel Down pattern on 1D with distinct Lower Highs and Lower Lows that has just made its latest Lower High (RSI = 54.758, Highs/Lows = 0.0000). Technically and always according to the underlying selling pressure applied by the 1W bearish trend (MACD = -0.081, Highs/Lows = -0.0056, B/BP = -0.0439), we should see a Lower Low on XEMUSD near 0.074. Our TP remains 0.060 but will reconsider once we approach 0.075 depending on the parameters then.
Prepare for attack!I should not publish this, whales are watching, or maybe that is illusion. I am full in (2% of trading capital @9.67cent). One last time in this year i can risk this money.
Not trading advice! Based mainly on astrology and my inner feelings, not on pure technicals, as i dont believe in Technical Analysis at all.
XEMUSD falling wergeWatch out for a potential breakout. We already reached support at 0.088, and we might go down a little under it, so a certain accumulation of liquidity took place, but this one looks promising. It also happend in the past as shown on chart. Remember, we will not turn bullish until the whole market turn bullish, so check BTCUSD for its 6000$ support in the first place.
Slight upper break-out quickly sold off. Still bearish.The Falling Wedge bands on XEMUSD have been slightly broken upwards on a 1D spike that reached 0.1166 but was quickly sold back to even lower that yesterday's levels. This level (0.1166) is also a 0.786 Fibonacci retrace, and probably the reason for the strong selling. There are two bearish possibilities created form this event: the more slow paced 1D Channel Down (faded channel, RSI, Williams, Highs/Lows neutral) or the more aggressive 4H Channel Down. Both still point to our TP = 0.060.