NEM XEM/USD is trading at 0.92. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEM. Ichimoku Kinko Hyo Cloud is expected to test near the 0.95 level, from which we should expect a rebound and an attempt to continue the fall with the target close to 0.60. An additional signal in favor of the fall of the cryptocurrency will come from the bearish trendline test.
NEM forecast & analysis XEM/USD on January 25, 2018
Earlier, a medium strength signal was received for sell 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 area of 1.10, 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 0.80.
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