Future of XEM
Atualizado
My next vision is basically constructed with new approach to technical analysis, presented by this guy 
Nota
I have found many attraction points, that pull the price up and down. In last weeks, after creating ATH, XEMs price was pulled down by three attraction points (near 4-5cents levels). But i also have found recently two attraction points (@ 0.5$ and 1,7$).Nota
This chart shows how i found this lower points:Nota
And how i have found point around 1,7$Nota
I'am publish this just out of curiosity how the price movement of XEM can be reflected, accordingly to those points of attraction. Who will win the struggle, bulls or bears. Personally i know (my gut have told me so long time ago) that there is market maker for XEM. I know who is this guy, and group behind it, but i 'am even not willing to write it here. He/they uses/use probably trading bots in exchanges, to steering price up or down (accordingly to situation in BTCUSD). He/They can of course make the price to plunge even to few cents, and build after that massive wave up to levels, where is convenient to realise profits from accumulated, cheaper XEMs.Nota
We can only watch this moves, and try to anticipate. Good indicator is for me as always behaviour of BTCUSD, but i'am sure, that market maker will try in the future unpair both (BTCUSD, XEMUSD) price movements.Nota
Of course if level 3000 @ BTCUSD will be broken i dont even think that XEMs market maker will let XEMs fly. Probably in this case (breakink so important level for BTCUSD) we can see more blood on XEMUSD. But if BTCUSD situation will be stagnant or more bullish, he can make everything, with massive spikes up included.Nota
If the theory of trendlines converged in one point of the logarithmic chart is true, we have @ 1.7$ powerful attraction point. He's more attratcive than those three attration points created by other trendlines around 4cents (every from this points was created by only 3 trendlines). The rule is as i understand this theory, that attraction point is more attractive and magnetic, the more trendline point he out.Nota
Nota
I should name this picture, "sword of destiny" :) This sword point out XEMs goal.Nota
Market maker accumulates in areas of bottoms, and then distributes for "trend" and "formation" players, that are moments on A/D, when we see drop. If XEM will brake orange line we should see spike up on larger volume, but also distribution and retesting this line, and distribution should go nearer a/D to the lower blue trendline, or even touch it in extreme situation.
Nota
This bigger picture show what is played with A/D. Obviously Cup&Handle formation. She's not even fulfiled in a half, so i suppose XEMs price should go to much higher levels if this formation wants to be fulfiled.
Nota
But A/D is tricky in shortterm play. Longterm however shows sometimes direction.Nota
So i'am nor saying You "accumulate at all costs, sell Your car, house, mother, father, children and wife and whole entire family" to get in to this train. You must choose for Yourself. There's a plenty of other coins, assets, securities, forex pairs. But for me XEM is gem. And i will stay by it, and not sell even if it drops to few cents. There will be other bubble in other year as it was in this year;)Nota
Which way XEM will choose?Path of glory, or path of hell?
Nota
Now i see many attraction points, but those bullish are much stronger than bearish points.Nota
Nota
This rising wedge building is very promising for XEM, but the way to glory is not simple as it looks. Many obstacles on the road.Nota
12cents looks like attractive point to enter long in case of price retrace below 16cents.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.