NEM XEM/USD is trading at 0.0948. Cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in NEM. The test of the Ichimoku Kinko Hyo signal line region is expected near the level of 0.0935, from where it is necessary to expect a rebound and an attempt to continue the growth of cryptocurrency with a target near the level of 0.1020.
NEM forecast & analysis XEM/USD November 5, 2018
An additional signal in favor of the growth of cryptocurrency NEM will be a test of the support area, as well as a rebound from the lower boundary of the ascending channel. Earlier, a weak signal was received for BUY the cryptocurrency NEM, due to the intersection of signal lines at the level of 0.0910.
Cancellation of the growth rate of cryptocurrency quotes NEM will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the 0.0900 area, which will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect acceleration of growth of XEM/USD quotes with the breakdown of the upper boundary of the downward channel and closing above 0.0970.
NEM forecast & analysis XEM/USD November 5, 2018 suggests an attempt to develop a correction of cryptocurrency and a test level of 0.0935, from which we can expect continued growth of the NEM rate with a potential goal near the level of 0.1020, the cancellation of the growth option will be a decline If the case is expected to continue falling.