New Economy Movement (XEM/BTC): Initial Impulse Waves
SUMMARY
New Economy Movement (XEM/BTC) has been stolen! $400 Million worth of it from Coincheck! So how does news and events that like this effect the price? IF price is driven by news and events...shouldn't XEM be crashing? Hmm.
The below is a daily chart of XEM and it's patterning out a triangle. The MACD shows an oversold condition, compared to historicals.
The below chart shows a more detailed label of WXYXZ and IF this count is correct, the lower triangle line should stand as support to complete the Z wave of the triple.
While the 4 hr MACD can slope downwards to complete the final Z wave; price is expected to provide the early signs of an impulse; especially if the upper white line is breached.
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Same thing happened with Verge last year. An online wallet verge-wallet.xyz just disappeared from the web with all coins stored in there. ( I personally lost 10k verge stored there).
After a while the price started dumping till it reached 53 satoshi. Apparently, when the site owner started selling what he stole.
Then after months, the price started moving up again.
So it is a matter of time, I think, before xem price goes down and the stolen coins be for sale.
very possible, as you said.
I have already sold all my NEM. I don't care much about what happens to this coin, but thanks a lot for sharing the news.
thanks you haejin! if the xem stolen ! $400 Million worth of it from Coincheck! the news and events that like this effect the price!
it seems that price dumping!
so after some time the price will pump!
is there is any way to secure the xem that should not be stolen in future!
Dont keep your nem on exchanges... keep it in your local wallet. Same goes for any other coin.
How does one manage passwords for these wallets? The ones for exchanges alone are becoming unbearable. It's always advisable not to repeat passwords but I can't help it with my involvement in the crypto world.
password managers help generated and storing securely too many passwords to remember
i keep all my passwords, keys and all that good stuff written down on a notebook! and i keep a copy of that page in another safe place just in case.
cool man!thank you for your valuables suggestion!
Stay long and you willl downvoted by this crap if you speak truth.See my rating he downvoted me because i speak truth.39 TA for bitcoin all failed in last 4 days.EOS and Ethereum TA fail.Steal 2 TA FROM expert @salahuddin2004 . @salahuddin2004 give a buy signal on bitcoin at 10 k and this crap 39 TA. Eos Haejin gave sell signal with target 3. @salahuddin2004 give a buy signal at 9. TrUst this crap and get downvoted when you speak truth about him.
They announced all people's XEM will be replaced from the exchanges treasury. So no one will take a loss on the stolen coins.
l like. it
Hopefully It will start it journey to the moon soon.
honey badger like considering the news
Muchas gracias por compartir tus análisis, son muy utiles
gracias enserio
Whoever stole all that XEM has a bunch to sell off!
This will be very interesting to watch. Please keep reporting.
Thanks for the article brother, the good news is that they plan to pay back those that lost there funds do to the hack :) Peace, Kris
Can find that article here: http://www.bbc.com/news/world-asia-42850194