If XEM Follows previous patterns, this is what we can expect to see on the weekly RSI. If it follows the same, now is a VERY good time to get in indeed. NEM Foundation has also behind the scenes been working with numerous companies that have been testing their blockchain. With the release of catapult rumoured to release in May and additional projects being built...
I hope this downtrend is finally over. Divergences @MACD and CCI suggest that for now. And inverted H&S formation (see lower timeframes) at the final dip of this downtrend suggests that too. Do not invest however here "all in". Deeper downtrend in BTCUSD and this upmove will end with new dip. Now upmove is fueled mainly by coinchecks victims refundation.
Lets see where XEMUSDT @HITBTC is heading from current levels. We believe there a room for more upside
Take a look at this beautiful chart for XEM. Each candle represents a 4-hour time segment. As you can see, it is moving upward on a tight channel (cyan) that began on around March 10th. Previously to that, it was also moving upward on a channel that began somewhere around March 6th-7th. At this moment it is completing the 3rd wave of its current Elliot Wave...
We predicted this bullish scenario for XEMUSD on March 8 and we hope you saw our buy signal. You can take partial profits now. Daily signals for our members at www.totalbitcoin.international , stay tuned...
I publish this only for observing (not for trading!) how XEMUSD (@Bittrex) works in price formations (or not works at all - i want research that).
bounced off main support + downtrend over + bottom signal + RSI bottomed + Stochastic buy. over 350% upside, small downside.
I think this downtrend tend to be much longer. But how long will last? Let's see the last deep correction (much deeper than 60%) of XEMs bubble in the past, and RSI indicator behaviour (in second half of 2016). What we need on XEMUSD chart now is much more divergence on RSI. For now there is no divergence so it should be created by market players. It should...
NEM ( XEM ) · Loop A.I. Indicator: Sell volume slowing. Price approaching major support. Positive social sentiment returning. Signal: Likelihood of price increase: 70%
After last week, most cryptocurrencies got cheaper, rolling back from the resistance levels. Bitcoin fell slightly below $ 10,000 but its share in total capitalization increased to 38%. Growth at the beginning of the week got replaced by a gradual decline. The number of billionaire-coins decreased to 18, and their total number (according to coinmarketcap.com)...
In the previous NEM review, we proposed the idea of a short from $ 0.65- $ 0.75 with a target of $ 0.40- $ 0.35 $ 0.65 was achieved and now the first target at $ 0.40 is reached. Unlike many other cryptocurrencies, NEM was unable to draw a buy signal from the MA cross on the daily chart. Volumes of the decline are clearly increasing. In general, signs of a...
Here we are analyzing XEM/USD on the 1D chart. NEM is currently trading around $ 0.54. The one-year forecast of the cryptocurrency is around US$ 0.86. I suspect that XEM/USD will likely retest this side-wards support level before an up move. If price breaks below this level, there could be a retest of the lower horizontal support at $0.32 in the longer term...
NEM/XEM is a good coin for longterm holding. Should be accumulated at area around 50cents (25%-33% of planned money to invest), 20-30cents area (25-33%) and at around 10cents (50-33% of planned money to throw in). Problems with recent coinchecks hack, and generated from other exchanges (having like bittrex problems with going online with deposits, they are so lazy...
but afterall, we must accumulate cheap to sell it with profit. As i prefer longterm play than intrday, accumulation levels for now are 0.34$, 0.2$ and 0.1$. Of course capital management is recommended. I have described that in my previous idea for XEM. The redline on my chart is made on 1D timeframe on closed candles! The formation lines (purple or violet) on 1h...
Last week, the main cryptocurrencies significantly increased in price, bouncing quite high from the minimums. Bitcoin rose above $ 10,000, and its share in total capitalization increased to 37%. The number of billionaire-coins decreased to 21, and their total number (according to coinmarketcap.com) increased to 1545. The total capitalization of the cryptocurrency...
Market = Poloniex Buy - $0.5133 Take Profit - $0.7700 (+50.01%) Target = +50.01%
Last week, the prices of the main cryptocurrencies fell in the beginning of the week and recovered at the end. Bitcoin almost didn’t change in price, and its share in total capitalization only slightly decreased (to 34.4%). The number of billionaire-coins increased to 27, and their total number (according to coinmarketcap.com) increased to 1526. The total...