XEMUSD trade ideas
Will NEM (XEM) Maintain Its Undercover Status?NEM (XEM) is known as a dark horse in the crypto community and for good reason. Despite its position as the 14th largest coin by market cap (which used to be a lot higher), very few investors actually know and understand what this cryptocurrency is all about. The coin owes its rankings to an ever increasing interest from Japan. According to Coinmarketcap.com, XEM/JPY pair accounts for more than 40% of its trade volume. Next in line is XEM/BTC at 15% and XEM/KRW at 12.5%. This means that a combined total of more than 67% trade volume is from Asia.
Read Detailed Anaysis Here: cryptodaily.co.uk
Ascending Triangle in XEM chart.I can see ascending triangle in XEMUSD 1 hour chart.
Now wait reversal and break up this triangle soon.
XEMUSDPrice want to touch soft support line and form double bottom (maybe we hear good news about catapulta test), after that they probably go directly to strong resistance line near 61.8 fibo.
Intresting how XEMUSD will react...for this targets, if this formations will be fulfiled. I publish it just of curiosity, as longs are in this situation not possible to scalp or midterm playing long too, so i stay aside and observe.
Not a trading advice!
XEMUSD Potential Bearish Shark (PRZ 1.90 to 2.35 Level) - April XEMUSD maybe forming a Potential Bearish Shark that aims to be completed between 1.92 to 2.35 level.
Waiting for signal to get some scalp.This signal should be given today if the chart (1h and 15m) will create one.
The scalping of triangles...should look like this - when entry point is signal from 1h laguerre higher than 60 (for long position) with 0.3 parameter, combined with positive signal from Alligator lines (my set is 24,12,4). Blue rectangles are areas where occur good circumstances for long positions - grey rectangles in contrary say: stay aside from taking position. Targets for entries should be estimated after finding price formation on chart (triangles are best, but there is few others of course).
The same strategy i use for scalping forex pairs like EURUSD, GBPJPY, AUDNZD and CADCHF - so far so good, only one problem is that health and nerve system can be crushed when You trade like this constantly - that's the price. In forex however any longterm strategy is (form me) imposible to use and earn - in contrary to Crypto market.
In case when market not fulfil formations 100% maybe good idea is to cut expectations by 10% - if you have target 6 cents (like it was in XEMUSD last case), cut it to 5.4cents. As i observe markets long time i see that "cutting target by 10% of the whole expected move" gives more profitable positions - especially before strong pullbacks after some trend.
Entry should be around 40cents...with scalp target around 47,5cents
Not a trading advice! Dont look also at Strategy report below, it is used by be only for orientation as Laguerre indicator!
NEM : the targets XEMUSD daily
target 1 - 58-64
target 2 - 84-92
Coinspark: XEM will be tradeable in April
Catapult Release: version 2.0 of NEM in May
NEM turned and confidently grows. Buy.Nem exited the drift, which we wrote about in the last review and started a confident growth.
The drawn reversal pattern on the daily chart, the buy signal from MAcross and the slow moving average moving upwards - all factors speak of the change of the medium-term trend to growth.
From the minimums, the rate has grown by 100%. However, even technically, within the framework of correction, it can grow by + 100%. If it is a new big wave of growth, or at least an attempt, the goals are much higher.
It is not very clear where to put stops on long positions to protect against false triggering and, at the same time, limit losses in case of an unsuccessful entry.
Short-term stop now appears under $ 0.30. Medium-term and long-term only under $ 0.2.
Profitable deals and follow our reviews!
XEMUSD XEMBTC Fake out? Interesting Log scaleXEMUSD appears to be making a bull run however after reviewing the long term view and log scale, we may see a different picture? There is a massive channel which still has some distance to go to reach the other side. Another WXY correction as per analysis can be viewed, check chart for explanation however we may see XEM going through a dump sooner or later and moving back towards that down channel.
60% left in the rally, Optimistic short term rallyLooks like NEM really wants to go X targets.
I think, it will depend on BTC more then anything at this point. Unless NEM has some ace news or events that will push the price higher.
Long term target is still pointing toward the $2.00 to complete the wave 5
Nem - Bullish scenarioBased on price action and with assumption that we are about to break through the consolidation period. It is possible that sometime in mid april we will have a strong rally. Else reverse but in bear mode.
?*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
Thank you,
Ajion
My personal buy signalIs around 25cents here. I have no need to buy, but in the past this signal based on RSI gave good gains. There is possibility that this first so clear signal after so long slide can be false so if You plan some longs here dont go all in.
This is not trading advice!
