The currency pair failed to reach June lows and went upwards during the weekend. NEM has added more than two percent in the past 24 hours. XEM/USD is likely to develop its bullish correction in the next couple of days.
XEM/USD has tested the support area at $0.1539 but failed to declined further and retreated. The currency pair went upwards but failed to test the resistance area at $0.1682 as well. We have a clear bullish Flag pattern, which may be sign of further growth.
We have set bullish targets at the resistance area at $0.1873 for the next couple of days. This is the main scenario according to our view.
Check the full crypto analysis HERE>>>.
XEM/USD has tested the support area at $0.1539 but failed to declined further and retreated. The currency pair went upwards but failed to test the resistance area at $0.1682 as well. We have a clear bullish Flag pattern, which may be sign of further growth.
We have set bullish targets at the resistance area at $0.1873 for the next couple of days. This is the main scenario according to our view.
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.