NEM has added almost five percent in the past 24 hours, but the currency pair is still far from reaching my targets. The downside correction is done and XEM/USD is likely to resume its uptrend in the next couple of days.
XEM/USD is trading above the support area at $0.1729. The currency pair aims at the closest resistance area at $0.1883. I think this is the closest target for Wednesday. However, as you can see, my rocket is well above this level. I believe NEM is likely to go there in the nearest future.
The correction towards the support are at $0.1729 is also possible, but if it happens, it won’t be the trend breaker. Moreover, I think that this correction has only 10-20 percent of probability.
Cehck the full crypto analysis HERE>>>.
XEM/USD is trading above the support area at $0.1729. The currency pair aims at the closest resistance area at $0.1883. I think this is the closest target for Wednesday. However, as you can see, my rocket is well above this level. I believe NEM is likely to go there in the nearest future.
The correction towards the support are at $0.1729 is also possible, but if it happens, it won’t be the trend breaker. Moreover, I think that this correction has only 10-20 percent of probability.
Cehck 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.