Three bounces on the 20 Day MA, and the support line is strong, will enter this trade if it bounces off support and breaks through resistance.
Simple Analysis on NEM. A lot of Japanese are talking about NEM and buying it for HODL to the MOON! After price broken resistance at 1.11xxx, price soared higher until 2$ . Now price has been retracing for those who missed out the broke out rally. Why buy now? 1) Price broke up the downtrend line now. 2) Price bounce off on 50% Fib point. Trade with your own...
I think that correction is done and we will go up soon. First stop will be an resistance level and then target by fibonacci level. NEM is great idea with great solution!
HI trader Do not forget to put a stop loss The market may be volatile Good luck
For the past few days the volatility of NEM has been decreasing. I think that we can see a triangle-pattern on the chart. This could be a signal for a long trade. BUY: ~10500 as 0.5 level of Fibo ~9700 as 0.382 level of Fibo (less likely) TARGETS: ~13500 as last high ~18000 (long term) as 1.618 Fibo
Let's see if NEM can break upwards out of the orange triangle. If not then there's no drama as long as the price action keeps moving within the big blue uptrend channel.
XEM / NEM is forming a cup and handle pattern with the possibility of doing almost + 500% increase. If and only if: That the retracement reaches the value/range 7142/8496 (BUY ZONE) Make a pullback and inevitably break the neckline. And that during the formation of the handle there is an increase in volume. If these three conditions happen, prepare to see NEM /...
The solution of the connection between commercial product MIJIN with private blocking and NEM -0.73% with its public blockchain is called catapult, the release of which will make a furor in the sphere of finance
If you're a member, you had access to early charts a few weeks back so you got in early! Everyone else, we still have great potential to grow here - as usually these charts are self explanatory
Looks like a breakout is coming to the upside. In around 0.00010600, setting a stop-limit at 0.00009600 (take profit before the 0.00013500 mark to be safe). This is just an idea (I am not a professional and no one should blindly take advice), everyone should be doing their own analysis and make their own decisions. This is my first time publishing an idea, let me...
$XEMBTC remains over uptrend line. 10k Satoshi mark possible if we cross 8k again. Watch volume in blue channel.
In this analysis there is an uptrend seen. If the trend breaks the trend, you can be sure that it will hit the new target. You can set a stop loss, in case the breakout is a false breakout.
evolving MindMap on XEM - NewEconomyMovement
Flag patterns indicating at least 100% within 6-12 hours.