NEM XEM/USD is trading at 0.98. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in NEM. Ichimoku Kinko Hyo Cloud is expected to be tested near the 0.95 level, from which we should expect a rebound and an attempt to continue growth with the target close to 1.35.
NEM forecast & analysis XEM/USD on January 29, 2018
Earlier, a weak signal was received for buy of NEM cryptocurrency, due to the crossing of signal lines at the level of 0.95. Canceling the growth of NEM quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 0.85, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations XEM/USD stands with the breakdown of the level of 1.15.
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