The currency pair reached another support area and stopped there. XEM/USD seems to start an upside correction. NEM has lost more than four percent in the past 24 hours but bears are out of power to push it lower.
XEM/USD tested the support area at $0.1539 and retreated from there. The price has formed bullish hammer and seems to target the next resistance area at $0.1682 at least. We think that there lies the first target for NEM.
The second tier is higher at the next resistance area at $0.1873. As for bearish scenario, it is les probable but sellers can retest the support area at $0.1539.
Check the full crypto aalysis HERE>>>.
XEM/USD tested the support area at $0.1539 and retreated from there. The price has formed bullish hammer and seems to target the next resistance area at $0.1682 at least. We think that there lies the first target for NEM.
The second tier is higher at the next resistance area at $0.1873. As for bearish scenario, it is les probable but sellers can retest the support area at $0.1539.
Check the full crypto aalysis 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.