Trading Recommendation – XEM is probably a good bet

Trading Recommendation – XEM is probably a good bet

Altcoin technical analysis
October 6, 2017 by Hitesh Malviya
XEM is a good bed

XEM is the cryptocurrency for NEM Blockchain platform, NEM foundation is a non-profit organization founded in Singapore. The Foundation is dedicated to the ongoing development of NEM blockchain technology and the promotion of a vibrant ecosystem of NEM users and developers in governments, academia, industry, and the public at large.

Market Cap: 1.9B$

Price: 0.21$

All time High: 0.32$

Fundamental Analysis

NEM will participate in few major events in upcoming weeks, This will surely work for positive price appreciation.

Upcoming Events

October 17-19, 2017 FutureData 2017 Sydney, Australia
October 22-25, 2017 Money 20/20 Las Vegas, US
October 24-25, 2017 World Block Chain Summit Dubai, UAE

 

Technical Analysis

XEM Technical Analysis

“XEM is currently at a strong support. RSI is extremely low indicating a reversal. It has potential to go on a bull run if it breaks above the 6hr EMA 100 and Ichi cloud at 5700 sat. It has 3 conferences this month which can attract some hype.”

Target: 0.30$-0.35$

 

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