Looking at XEM or NEM on the weekly chart.
You think its impossible to get 1600% out of this long term trade. Its happened twice before. Both times bullish divs fired and the result was a 3000% run. Don't under estimate what the market can do.
Helly this ones for you :)
Technical analysis:
. NEM/BITCOIN is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 55.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0000054 to 0.0000038). if so, traders can set orders based on Price Action...
Been some extremely bearish news about XEM in the past few weeks but a bullish chart is a bullish is chart and ths one looks like it has at least some temporary upside to take avantage of. Short term long.
NEN (XEM) Downward wedge. Which can become a reversal pattern of a downtrend. Everything is on the chart. First goal + 70%. Potential + 300% But also as an option, the price may simply not go further down, but just flat in the same price range with little volatility. For example, this happened with GTO, ZIL. Have a look at related trading ideas. There the price is...
140 days' consolidation on XEM.
On the resistance at the moment but breaking up that level may lead us to nice profits in short term.
We left the consolidation box leaving the MA200 behind us what is a very bullish sign.
We also note another bullish sign which is crossing of the MA100 by MA50. If it keeps tha pace we also will see the MA50 crossing the MA200 -...
XEM ANALYSIS:
XEM is another alt that has taken off in a very bullish manner. XEM has reclaimed the 200MA and held it with volume to back the pump. There is no current decrease in volume and buyers are still pushing! I expect a rise to T1 at 640 sats. This is a very small resistance and I expect this to be broken quickly. The main target is T2 at 740 sats. This...
XEM was a beast on the bull run, can it come close to what it was once, one more time?
We are going to trade it level per level and not dream for stars and planets.
NEM has been in a massive downtrend since 2018, we have not had any of the pump experienced by many of the alt coins and may be in line for its share.
We have started the Month on a green one after two Td 9's, fisher has turned green
Targets are the fib lines along the way
XEM is loooking good. Everything suggests, that we are preparing for final 5th wave up and correction (wave 4) should be finished. We also had very strong support below us.
$XEM
Retested ATL BTC level on Binance and now is pushing up again with increasing volume..
UCTS Buy signals on the 12H and early buy on the 1D
Testing EMA50 on the daily w/ MACD bullish divergence..
Looking for an entry at ~414 sats retest OR R/S Flip at ~472sats
#XEM
