NEM XEM/USD is trading at 0.1093. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in NEM. Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 0.1070, from where it is necessary to expect a rebound and an attempt to continue the growth of cryptocurrency with a target near the level of 0.1250.
NEM forecast & analysis XEM/USD October 9, 2018
An additional signal in favor of the growth of cryptocurrency NEM will be a test of the support area, as well as a rebound from the lower boundary of the bullish channel. Previously, a strong force signal was obtained for buy of cryptocurrency NEM, due to the crossing of signal lines at the level of 0.1040.
Cancellation of the growth rate of cryptocurrency quotes NEM will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 0.1050, 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 XEM/USD quotes with the breakdown of the upper limit of the model «Triangle» and closing above the level of 0.1150.
NEM forecast & analysis XEM/USD October 9, 2018 suggests an attempt to develop a correction of the cryptocurrency and test level of 0.1070, from which we can expect the NEM rate to continue to grow with the potential target near the level of 0.1250, the cancellation of the growth option will be a decline and a breakdown of the area of 0.1050, in this If the case is expected to continue falling.
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