NEM forecast & analysis XEM/USD on January 15, 2018


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NEM XEM/USD is trading at 1.34. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEM. The test area of ​​Ichimoku Kinko Hyo signal lines near the level of 1.40 is expected, from which it is expected to rebound and attempt to continue the fall with a target near 1.15.

NEM forecast & analysis XEM/USD on January 15, 2018

NEM forecast & analysis XEM/USD on January 15, 2018

An additional signal in favor of the fall of the crypto currency will be the test of the upper boundary of the bearish channel. Earlier, a weak signal was received for sell of NEM cryptocurrency, due to crossing of signal lines at 1.35 level. Cancellation of the variant of the NEM quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of ​​1.63, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotes XEM/USD is at breakdown level 1.20.

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