My latest counting for XEMUSD and XEMJPY, must be corrected, according to principles of Elliots Waves Theory. I know that many say, that it not works in crypto or forex or even elswere. For me this theory works, but is very hard to implement in daily trading, and deliver too many possibilities of counting, that often lead to losses on market. But i try to publish...
Stoch and Chikou span doing some funky shit, but RSI looks solid. I think that if XEM hits and stays above the baby trigger we might be in for a bull run. Need volume.
#XEM #NEM Holders, I think todays trade is finished. Top Exit point was 0.00011.
Now it will move downward till Monday. Sale your stock and ready to buy again after weekend.
Some bullish moves encourage me to make this plan, in opposite to bearish plan published by me. This is the plan and not a prediction of prices in the future!
Let see if XEM can go above the blue line. He has an awesome Support line and it will be interesting to see what will happen in the next few days.
After the high votality i see a little smaller moves and then goes up to the lines above current prices. Breakout will be if xem cann break the correction line in near future. With the release of catapult and the icos...
With teh btc ath we see another correction. all world wait for the release of catapult by nem. this should happen in 2017 and it should boost the price rapidly.
XEM is one of the most stabile coins out there and the best thing about it, it's a platform, with a lot of uscases.
So get on xem its nice to trade like stratis
So Bitcoin's massive run pretty much ruined my idea of a big cup & handle. But I'm pretty sure it ruined most charts for long term projection, so is life in crypto.
In the short term, BTC may correct and I see NEM getting back in shape. This could be a very nice buy opportunity as NEM is very near it's previous floor and alts are now negatively correlated with...
XEM still no bottom found.
XEM ist the top 2 coin in China. All money goes into NEO right now.
With the realease of catapult xem should go up, but for then we will dip more.
Reason: BTC ath.
If BTC dip we could see some increase.
Leave your opinion.
LG from Germany
NEM had a nice bullish run the pas couple of days, but is heading south in a pretty steep fall now. If it comes down to the previous structure level around the 0.618 retracement, i'm looking to buy again to continue the bullish sentiment.
I am super bullish on ALTS right now. I think btc is gonna take a little dip and pump these things. I am finding my favorite pattern ascending triangles all over the place. Here is one showing the anticipation of the bounce on support creating a ascending triangle. Buy now in anticipation with a tight stop loss or wait for the break out of the resistance.
Watch for price movement near uptrend line and support levels. It's potential zones for market reversal.
Working with fibo.
Good luck with your trades.
Here's an update for NEM on a more short term outlook from my previous chart. I had previously posted a chart which was projecting a massive cup & handle which could take another couple of months to resolve before the big break out. In this chart, I'm looking at the short term future of the next week or two which I believe is overall bullish.
Slight pull pack...
