NEM XEM/USD is trading at 0.0961. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in NEM. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 0.0950 level, from which one should expect a rebound and an attempt to continue the growth of the cryptocurrency with the target near the 0.1100 level.
NEM forecast & analysis XEM/USD October 1, 2018
An additional signal in favor of the growth of the NEM cryptocurrency will be a test of the support area, as well as a rebound from the lower boundary of the rising channel. Earlier, a medium strength signal was received for buy of NEM crypto currency, due to the crossing of signal lines at 0.0895.
The cancellation of the growth scenario for NEM cryptocurrency will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the 0.0900 area, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect to accelerate the growth of quotations XEM/USD is with a breakdown of the resistance area and closing above the level of 0.1050.
NEM forecast & analysis XEM/USD October 1, 2018 suggests an attempt to develop a correction of the cryptocurrency and a test of the level 0.0950, where it is expected to continue the growth of the NEM with a potential target near the level of 0.1100, the abolition of the growth variant will come down and the breakdown of the area 0.0900, in this Should expect the continuation of the fall.
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