A group of altcoins has reached rock-bottom twice now and they seem ready for a bull run. Good time to enter a position on coins listed in my Altcoin Index after doing your own research. Always use a stop loss, and good luck in your trading.
Technical analysis:
. NEM/Dollar 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 63.
. The RSI downtrend is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to...
Looks like we formed a larger pattern here and are still finalizing the last of this play before the next move.
Nice long legged candle on daily hitting support. Stop loss below the long term trend line from bottom couple months ago. Prob only 2-3 days max for directional decision,.
The price bounced up to the bullish direction from the line that has already acted as a resistance zone. Now the bullish bounce seems to be stopping at the previous support/resistance line. We are looking for the formation of the channel. That means that the next move should be bearish and the price should move to the lower channel...
The 12+ month down trend is over.
Higher highs and higher lows + momentum indicators on Monthly timeframes have scrapped the floor of ATL's and are now slowly exiting over-sold territory.
Just like BTC halving and ETH inflation reductions with network upgrades, XEM is only 3 months away from the very large "catapult" upgrade and this is starting to be priced...
Till now, almost perfect behavior of NEM USD acc to Fibonacci levels (gain and time), expectation is mid of 2020 to go out of S/R field. Duration of accumulation period will show if we will go already UP, to 1US$ or mid of 2020 will be in end of accumulation period with range 3-7 US cent.
XEM as I said before is 1 of the best fundamental coins out in the crypto sphere. This makes me believe that it should have a recovery to its price. If you look at the 21 MA on the weekly chart and see the price cross over it after a long time under the 21 MA. It seems to be the first indication of a trend reversal. As long as the weekly price closes above the 21...
NEM / USD Short-term price analysis
The NEM / USD pair has a strong short-term bullish trading bias, with the cryptocurrency recently advancing to a new monthly trading high.
The large inverted head and shoulders pattern on the four-hour time frame has now been triggered after a brief period of consolidation around the neckline of the pattern.
Technical...
NEM looks like a good buy for the shorter term.
In terms of BTC
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