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XEMBTC

XEM - Daily ChartSo this guy broke out! The Buy Volumes are still there and it looks healthy but the price is now fighting the resistance area. We might see some consolidation or even corrections on the way which will take the price to the support areas. If the price crossed all those support areas then this chart will expire. If you're into opening long positions, wait until the price crosses the resistance and then open your positions after the closure of the first 4H candle. Current Market Price: $0.1422 Good Luck Tell me your ideas. Like and Share
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by ShawnMCR
11
XEM (XEMUSDT/XEMBTC) Ready for 300%+ Breakout OR Slow Death?Hi guys, this is OG back with another cryptocurrency update. If you find value in my work, please do like, share, and comment. And also feel free to share your ideas and technical analysis in the comments below. Today's analysis was requested by a community member @ahmadabdallah96. First, some background on the project. XEM/NEM is a legacy project that dates back to 2014 and was hugely popular during the last bull cycle, with a huge following in Japan, and was in the top 10 on coinmarketcap. It has since slid slowly but steadily down the market cap rankings, sitting at #62 at the time of writing. Now, into the charts, on both the XEMUSDT and XEMBTC pairs, XEM is at a macro low. On the XEMUSDT chart, we see the low at 0.1355 and that price has tentatively broken out of the resistance trendline, suggesting that price might be getting ready for a move. If you believe in the fundamentals of the project, this could be a good place to start scaling into a position as it offers great risk reward. If price breaks and has a daily close below the low of 0.1355 (which could be a drawdown of 20-30% depending on how fast the drop occurs), then consider taking a stop loss and potentially re-entering later. If that low holds and price starts to slowly move up or continue to consolidate, you can hodl until price starts to reach your take profit levels and scale out a portion at each point. The 61.8 Fib retracement is at 0.60, which is a potential 300%+ move from here. So a potentially 10:1 RRR trade here, but the line in the sand for me is the low of 0.1355. We see a similar pattern on the XEMBTC chart. Check out my technical analysis videos for more in-depth analysis and trade setups for Bitcoin, Ethereum, and Altcoins. Why follow? 1. Community of Technical Analysts sharing analysis and trades 2. Live tracking of whale wallet movements 3. Live update of the latest important news 4. Live syncing of popular crypto tweets 5. Ebook covering how to be profitable in the cryptocurrency market As always, I’m not a financial advisor, all information presented is for educational purposes only and not meant as financial or investment advice, do your own research, and stay safe!
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by cryptotraderog
10
XEM/BTC Ready for 400% move from here..?#XEM/BTC TA Update:- #XEM/BTC currently trading at 620 Satoshi This is All time very strong support . I am buying here some #XEM/BTC Fresh Setup: Entry:- 600-620 Satoshi Targets:- 848/1139/1650/2102/2824 sat Stop Loss:- below support level we will exit. Support: 550-600 Satoshi Resistance:848/1139/1650/2102/2824 sat Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
XLong
by CryptoPatel
26
NEM (XEM) - May 10Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (XEMUSD 1W chart) (1D chart) We need to see if we can get support at the 0.36545048 point and climb along the uptrend line. The section 0.25414007-0.47676089 is a sideways section. We have to see if we can build up the power of the ascent while moving sideways in this section. On the CCi-RC indicator, we must see if the CCI line can rise more than 100 points above the EMA line. Bollinger Bands began to converge. In order to turn into an uptrend, you must break off the two downtrend lines. Therefore, careful trading is necessary. ------------------------------------- (XEMBTC 1W chart) (1D chart) We have to see if we can get support and climb in the 649 Satoshi-733 Satoshi section. In particular, we have to see if it can rise above the 707 Satoshi point. If it falls, we have to see if we can get support at the 495 Satoshi spot and move up. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately corresponds to the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
POLONIEX:XEMUSD
by readCrypto
1