NEM XEM/USD is trading at 0.34. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in NEM. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.33 is expected, from which we should expect a rebound and an attempt to continue growth with the target close to 0.40.
NEM forecast & analysis XEM/USD April 18, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower boundary of the channel. Earlier, a medium strength signal was received for buy of NEM, due to the crossing of signal lines at 0.23.
Canceling the growth of NEM cash cryptocurrency quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.28, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations XEM/USD is with a breakdown of the resistance area and closing above the level of 0.37.
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