NEM XEM/USD is trading at the level of 1.043. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEM. Ichimoku Kinko Hyo Cloud near the level 1.10 is expected, from which it is expected to rebound and attempt to continue the fall with the target close to 0.60. An additional signal in favor of the fall of the cryptocurrency will be the test of the upper boundary of the bearish channel.
NEM forecast & analysis XEM/USD on January 22, 2018
Earlier, a weak signal was received for buy of NEM cryptocurrency, due to the crossing of signal lines at the level of 1.03. Cancellation of the variant of NEM quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.40 area, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations XEM/USD is worth a breakdown of 0.90.
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