NEM (XEMBTC) is printing a strong bullish candlestick to break above EMA10/50 and signal that this altcoin pair is also ready to move.
A high volume breakout above EMA50 is a strong bullish signal.
EMA50 is the magenta line (0.00000493) you can see on the chart above.
EMA100 is the blue line (0.00000570) and potentially the next target if XEMBTC closes above...
Hello fellow traders,
not much to say, one may expect a target between 0.11 and 0.12 if the pennant plays out (blue paths), probably it's going a lot higher mid term if it breaks the ascending triangle (violet paths).
See the attached longterm projection of XEM which has been quite accurate for 1.5 months.
One may buy in now but I suggest to wait for another...
To hold a dropping knife hurts. This chart aims at finding the zone where we pick up this coin again.
Only valid if
1. the zone is supported
2. MACD holds above zero
3. Stochastic long signal
P.S. I hate the Binance maintenence
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Currently, NEM' trading on the channel. It has been respecting those channel trendlines and it has made pretty good profit opportunities.
After BTC' breakout from the triangle downwards, XEM' has also come down pretty quickly but it is still on the channel and it has still an opportunity to make the higher low. At the moment, the price is a very strong support...
Currently, the price is below the round number $0.1 which works as a resistance. NEM' has managed to break above the nearest down-trendline which now work as a support! This is a pretty significant sign because NEM' has been on the big downtrend and it has not shown any big recoveries and big pumps.
Remember what Ripple' did, it exploded and from a technical...
XEM is another top altcoin which has been in a big bearish market as we can see and we can see that it has been making a reversal pattern in its bear movement and now we are at our ultimate bottoms, however we can see that we are still inside the wedge and there is still room for downward movement so we should wait for the bounce from our trend line which will get...
XEM New Economy Movement is setting up for another 3 drives, A third wave or just simply trust in the fractals and how the past proves present. Also the momentum is showing a tight ening divergence as it did in pat followined by MASSIVE gains. Which ever works for you but XEM is primed and ready as are so many others but XEM is definitely one of the more solid and...
XEM has broken out of the triangle and also the downtrend. It made a strong push up over 2 4 hour candles, pulling back to the 61.8 fib level. It is now retracing to retest the previous resistance (now support). I took a risk and entered this trade before it broke out and currently i am still in. Depending where this next 4 hour candle closes will see me...
XEM finding itself like many other coins at the moment pushed into a corner. XEM seems to have formed a double or even triple bottom.
It has not yet broken out of its downtrend so entering now is a bit higher risk.
Ideally wait for the break in trend and retest to enter.
I'm taking a risk and entering now with a tight stop loss.
.NEM/DOLLAR is in a Range Bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 41.
There is a possibility of temporary retracement to suggested support zone (0.298 to 0.195). if so, traders can set orders based on Daily-Trading-Opportunities...