NEM - XEM/USD
NEM - XEM/USD
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- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: XEMUSD
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NEM - XEM/USD - Daily - Technical analysis published on 06/17/2019 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 0.086401 USD
My targets
0.100533 USD (+10.82%)
0.107335 USD (+18.32%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on NEM - XEM/USD as long as the price remains well above 0.086401 USD. The buyers” bullish objective is set at 0.100533 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.107335 USD. If there is any crossing, the next objective would be the resistance located at 0.337200 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The NEM - XEM/USD price is 0.090718 USD. The price registered an increase of +3.60% on the session and was traded between 0.087465 USD and 0.092509 USD over the period. The price is currently at +3.72% from its lowest and -1.94% from its highest.

0.087465
0.092509
0.090718

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by NEM - XEM/USD:

Technical


Technical analysis of this Daily chart of NEM - XEM/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish and bullish signals:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily



The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : Daily


Horizontal resistance is broken

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.062805 0.075341 0.086401 0.090718 0.100533 0.107335 0.337200
Change (%) -30.77% -16.95% -4.76% - +10.82% +18.32% +271.70%
Change -0.027913 -0.015377 -0.004317 - +0.009815 +0.016617 +0.246482
Level Minor Major Major - Major Minor Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0764700.0808200.0841930.0885430.0919160.0962660.099639
Camarilla0.0854410.0861490.0868570.0875650.0882730.0889810.089689
Woodie0.0759800.0805760.0837040.0882990.0914260.0960220.099150
Fibonacci0.0808200.0837710.0855930.0885430.0914940.0933160.096266


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0722390.0756780.0807520.0841910.0892650.0927040.097778
Camarilla0.0834860.0842660.0850470.0858270.0866070.0873880.088168
Woodie0.0730580.0760870.0815700.0846000.0900840.0931130.098596
Fibonacci0.0756780.0789300.0809390.0841910.0874430.0894520.092704

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 58.63
MACD (12,26,9): 0.0019
Directional Movement: 7.061521
AROON (14): -21.428572
DEMA (21): 0.088779
Parabolic SAR (0,02-0,02-0,2): 0.074039
Elder Ray (13): 0.003549
Super Trend (3,10): 0.071363
Zig ZAG (10): 0.090516
VORTEX (21): 0.9938
Stochastique (14,3,5): 55.33
TEMA (21): 0.086664
Williams %R (14): -18.47
Chande Momentum Oscillator (20): 0.007098
Repulse (5,40,3): 2.9804
ROCnROLL: 1
TRIX (15,9): 0.4113
Courbe Coppock: 6.46
MA7: 0.086356
MA20: 0.087197
MA50: 0.076879
MA100: 0.067627
MAexp7: 0.086980
MAexp20: 0.085694
MAexp50: 0.079335
MAexp100: 0.071992
Price / MA7: +5.05%
Price / MA20: +4.04%
Price / MA50: +18.00%
Price / MA100: +34.14%
Price / MAexp7: +4.30%
Price / MAexp20: +5.86%
Price / MAexp50: +14.35%
Price / MAexp100: +26.01%

This member declared not having a position on this financial instrument or a related financial instrument.

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