NEM XEM/USD completes the trading week near the area of 0.95. The cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in NEM. In the current trading week, the Ichimoku Kinko Hyo Cloud lower limit test is expected near 1.05, from which it is expected to attempt a rebound and continue the development of the bearish trend with a target below 0.60.
NEM (XEM/USD) forecast January 29 — February 2, 2018
Earlier, a weak signal was received for sell of NEM cryptocurrency, due to the crossing of signal lines at 1.22. Cancellation of the option of falling prices of XEM/USD will be a breakdown of the upper boundary the indicator Cloud and the closing above the level of 1.35, which indicates the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations is with a breakdown of 0.80.
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