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
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.