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

NEM / US DollarPoloniex

描述

⋅ 2018年1月19日晚上8點09分

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.

Join the best Crypto Trader Hangout for free

評論

martin2048

⋅ 2018年1月19日晚上8點14分

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?

saintbitcoin

⋅ 2018年1月19日晚上8點59分

@martin2048, HITBTC there is XEMUSD

saintbitcoin

⋅ 2018年1月19日晚上9點00分

@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.

saintbitcoin

⋅ 2018年1月19日晚上9點03分

@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.

martin2048

⋅ 2018年1月19日晚上9點19分

@saintbitcoin, I see this