NEM/XEM is a good coin for longterm holding. Should be accumulated at area around 50cents (25%-33% of planned money to invest), 20-30cents area (25-33%) and at around 10cents (50-33% of planned money to throw in). Problems with recent coinchecks hack, and generated from other exchanges (having like bittrex problems with going online with deposits, they are so lazy to change their wallet to multisignature and introduce mechanism to not receive stolen XEMs) giving a good chances to get XEMs so cheap as possible. First goals after accumulation phase (i think this phase should be to april-june 2018) is target around 4$ or little higher. In wider longterm period (1st Q of 2019) the goal for XEMs quoting in USD is around 60$ (no it's not typing mistake 60 american dollars!). See You in the future, dont forget to buy this tickets, before another one ride to the stars;)
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Why i am so bullish here longterm?
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Correction of impulse 5wave structure tends to reach the start point of wave 5th, but not always of course. We got here around 75% correction from ATH (price line, not full candles) so i was the first stage of accumulation phase, can be of course the next 2 stages around 20 and even 10cents, but who knows what traction will get the market, before building new "mooning" phase with new new 5wave structure.
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if You have some XEMs accumulated around 50cents sell it now and rebuy @0.35cents!
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Still no signs of reversal so better to wait for clear signal than to buy @ 0.35$ Without signal i will start deeper accumulation @0.2 & 0.1$
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this formation was clearly a sign of eversal:
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godfather bitcoin probably will deny this signal. Be prepared for another wave of dumps near 0.2$
https://www.tradingview.com/x/6qaf3vmk/That was formation of changing trend - i mean inverted Head&Shoulders. But there's no guarantee that trend will resume to downtrend. Must observe further moves to be sure. If someone missed opportunity to accumulate little under 30cents (as I myself, too long wating for deeper drop to 20cents) can buy now and hold to the summer and can get x10 or more. But it's not guaranteed of course - there are many factors behind that possibility. I trust in NEM longterm.
orminlange
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@orminlange, trend has changed with this formation fulfiled perfectly. Trust in NEM longterm and even if it dips much under Your entry point i will spike up x10 or more in the future. Patience is the key. Sadly i had not accumulated all that i planned before this spike (some little stack around 30cents), as i awaited fast dump to 20cents - it was not so deep (only 27cents). But my old stack from 2015 i will hold to 5-10$ value with no doubt.
SamuelBob
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I bought NEM for 50 cents last year, but as a greed beginner I never sold even after see ot hit 2$ and then fall to 1.5$. Now I guess it is better to keep holding and buy more when the signak comes. Thank you for your analysis.
orminlange
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@SamuelBob, Your welcome. Yep now the only solution is to accumulate so cheap as possible, but with one thing in mind - to invest only that You can afford to lose, as this is crypto, today has perspectives, good chances to build in the future nice waves up, but there are risk behind that too - like restrictions from governments. Targets that i show are possible to hit only with two conditions - People behind NEM nust do their best, and market circumctances must be convenient, without huge restrictions or malicious regulations (some regulations are of course needed). Good Luck!;)
Blowy
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60? This is a joke?
orminlange
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@Blowy, Do You understand term "longterm"? No it's not a joke, but as price prediction can be fulfiled or not. Last time when i signalled that XEM is going to make 1.7 (and made 2$) i got many private massages with words like "impossible" "are You mad" or something like that. This is crypto, all is possible.
orminlange
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that was last time (there where two possibilities, hell or moon for XEM and it made moon)
orminlange
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orminlange
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I used the same method now (without drawing all tools on chart, only clear prediction chart).