NEM XEM/USD is trading at 0.21. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEM. The test of the lower boundary of Ichimoku Kinko Hyo Cloud near the level of 0.22 is expected, from which we should expect a rebound and an attempt to continue the fall with the target close to 0.17.
NEM forecast & analysis XEM/USD April 7, 2018
An additional signal in favor of the fall of the cryptocurrency will be a test of the lower border of the channel. Earlier, a medium strength signal was received for sell of NEM cryptocurrency, due to the crossing of signal lines at 0.23.
Cancellation of the variant of the NEM quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 0.24, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes XEM/USD is with the breakdown of the support area and closing below the level of 0.20.
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