NEM’s buyers celebrate Facebook administration decision as well. The price jumped off local lows on Saturday and went upwards. The situation changes to bullish as NEM looks promising.
Having a closer look at the Hourly chart we can see that the currency pair has crossed the resistance areas at $0.1529 and $0.1682. XEM/USD is likely to move towards the next bullish targets at $0.1873 where we have placed our green flag. This is the main scenario for the nearest future.
However, if XEM/USD falls below the current support area at $0.1682, there will be a probability for NEM to reach the local lows at $0.1459 again (the sellers need to jump over the closest support at $0.1529 in this case).
Check the full crypto analysis HERE>>>.
Having a closer look at the Hourly chart we can see that the currency pair has crossed the resistance areas at $0.1529 and $0.1682. XEM/USD is likely to move towards the next bullish targets at $0.1873 where we have placed our green flag. This is the main scenario for the nearest future.
However, if XEM/USD falls below the current support area at $0.1682, there will be a probability for NEM to reach the local lows at $0.1459 again (the sellers need to jump over the closest support at $0.1529 in this case).
Check the full crypto analysis HERE>>>.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.