saintbitcoin

You can't keep a good XEM down! Or can you?

POLONIEX:XEMUSD   NEM / US Dollar (calculated by TradingView)
XEM             has been in a clear down trend since the high at $2 and we are still getting rejected by the MA, keeping me bearish at this stage.

We have good buying pressure from 0.80c and I would expect strong support at 0.90c.

Buyers looking to speculate on the market longer term could do well to stack some orders inbetween 0.70c and $1.

Current resistance is between $1.2 and $1.3 and we could see a nice little run if the bulls can push the prices past those levels.

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Hi, thanks for the analysis, but I have a few questions. 1. Why XEMUSD and not XEMBTC as the real market is only XEMBTC, right? 2. What kind of trade do you suggest at the moment?
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saintbitcoin martin2048
@martin2048, HITBTC there is XEMUSD
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saintbitcoin martin2048
@martin2048, Looking for breakout trades on the majors for now, don't want to catch any dead cats. Will hit up a XEMBTC chart for you.
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saintbitcoin martin2048
@martin2048, I would go for a bump and run, breakout trade setup, alert for 9800 - 10 000, make sure there is good increase in volume before jumping in. RSI above 50 - 60, you can use PPO indicator to catch the tops.
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martin2048 saintbitcoin
@saintbitcoin, I see this
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