NEM XEM/USD is trading at 0.37. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for NEM. Ichimoku Kinko Hyo Cloud lower limit test is expected near the 0.36 level, from which we should expect a rebound and an attempt to continue growth with the target close to 0.45.
NEM forecast & analysis XEM/USD April 27, 2018
An additional signal in favor of the growth of the cryptocurrency will be a test of the lower border of the uplink, as well as a test of the support level. Earlier, a weak signal was received for sell of NEM cryptocurrency, due to the crossing of signal lines at the level of 0.41.
Canceling the growth of NEM cryptocurrency quotes will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.33, indicating a change in the flat trend in favor of a bearish trend. Expect the acceleration of the growth of quotations XEM/USD stands with the breakdown of the resistance area and the closing above the level of 0.42.
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