NEM altcoin (XEM/BTC)
Market Cap Ƀ50,400 / $47,666,250 | Total Supply 8,999,999,999
NEM cryptocoin data as of 31 January 2017

Important LTC/BTC price levels to watch,


Year High – 0.00000666 (January 27 2017)
Year Low – 0.00000285 (January 5 2017)

NEM (XEM/BTC) daily chart, tradingview charting, Ploloniex data
NEM (XEM/BTC) daily chart

NEM prices against Bitcoin (XEM/BTC) spiked on 27 January ticking 0.00000666 (based on data source from Poloneix exchange) before sellers set in. Currently, the XEM/BTC price pulled back and is approaching 0.618 Fibonacci Retracement Level at 0.00000520 btc. It is moving away on top of the 200-day Moving Average line indicating a persistance bullish trend. Furthermore, XEM prices will have to sustain above 0.00000475 (0.5 Fibonacci Retracement Level) to hold any possible upswing momentum in order to mount another march towards the year high price of 0.00000666 set on 27 January 2017.

NEM (XEM/BTC) daily chart, tradingview charting, Ploloniex data
NEM (XEM/BTC) 4-hour chart

Some Critical Price Levels for the Immediate Term


0.00000584 (0.786 Fibonacci Retracement Level)

Crucial Support Levels


0.00000520 (0.618 Fibonacci Retracement Level)
0.00000475 (0.5 Fibonacci Retracement Level)
0.00000375 (0.236 Fibonacci Retracement Level)

BTC Exchanges and Charts With NEM #XEM Trading


Hit BTC
Poloniex
Bittrex
Bter

Please let us know what your thoughts on this latest cryptocurrency sensation and update us if you have any insights in the comment section below.

NEM #XEM Links
Official NEM Website
Tutorials
Blockexplorer
Wiki
NEM Wallets
NEM Nodes
Github
Twitter @NEMofficial
Reddit r/nem
Wikipedia

Chart via tradingview, data source from Poloniex.

The author is a self-described cryptocurrency activist. Ironically, he is not involved directly on the development and mining. But a keen trader that specifically studying and analyzing the chart and prices based on zen principles of candlesticks price action techniques. And most importantly, he is always prone to deceiving price movements that can exposes to trading losses. So trading based on his personal opinions is extremely risky and not advisable.



Please do your own due diligence before making any investment decision. This article should not serve as investment advice. This post is mainly as reference and tutorial for trading on possible cryptocurrency breakout.