Next Economy Movement (NEM) is always on of the list of top cryptocurrencies by market capitalization. It is sitting at #17 with almost $900,000,000.00 in Market cap. This is a very strong project and it has huge potential. The charts are looking simply great for this coin. This one has been a good money maker for us in the past... Let's take a look, let's see what we can spot on the weekly chart:
- Green volume increasing. Still not enough, but the first signal to watch for. - On the right, we have a nine negative count marked by the TD Sequential indicator. This is followed by a hammer and green volume. The price has flattened and is starting to move up. - Very strong bullish divergence on the daily time frame (this signal is yet to show up on the weekly). - We have the bullish hammer candlestick formed on the week that we hit the lowest point, the same price from which XEMBTC bounced back in March and December 2017, followed by a very strong bull run. - MACD bullish crossover. RSI and STOCH oversold (I consider RSI 30 on the weekly oversold). - You can also see our targets on the chart above...
Let's continue with the trade instructions, XEMBTC is good to trade.
Trade instructions for XEMBTC by Alan Masters Trades
@ffree523, Great charts for NEM, looks really good.
Marcinos_88
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Thank you for the analysis :)
AlanSantana
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@xawery88, It is my pleasure.
gabi2018
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i am folowing you for months now and i keep wondering why are you making analys in BTC pair and not in usd?
its only for your members?
anyway, if its true, great analyses you make!
my congrats
AlanSantana
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@gabi2018, We trade to increase our BTC holdings and that's why we trade against BTC.
We love Bitcoin.
Bitcoin is the name of the game.
Namaste.
hellomyfriend
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What exchange are you using to watch the price ?
You say we hit our second target of 0.0000216 today but on binance the 24h high is 0.00002121.
AlanSantana
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@hellomyfriend, That is considered hit for me. 5% away from target is good for selling.