NEM Started its correction on Tuesday and the Flag pattern was broken. XEM/USD loses almost nine percent in the past 24 hours. The currency pair tests the ascending trend line menacing further growth.
The currency pair has broken through the support area at $0.2002 and moved lower. XEM/USD reached the next support at $0.1873 later. It is close to the ascending trend line as well. We think that EOS is likely to stop its correction in the nearest future in order to resume the uptrend.
The closest target for the uptrend lies at the resistance area at $0.2002. We think that XEM/USD will be able to reach it in the nearest future. However, we also think that the growth will not be limited by this level.
This is the main scenario. As for the alternative, XEM/USD may develop its downside correction, targeting the next support at $0.1682.
Checkthe ful crypto analysis HERE>>>.
The currency pair has broken through the support area at $0.2002 and moved lower. XEM/USD reached the next support at $0.1873 later. It is close to the ascending trend line as well. We think that EOS is likely to stop its correction in the nearest future in order to resume the uptrend.
The closest target for the uptrend lies at the resistance area at $0.2002. We think that XEM/USD will be able to reach it in the nearest future. However, we also think that the growth will not be limited by this level.
This is the main scenario. As for the alternative, XEM/USD may develop its downside correction, targeting the next support at $0.1682.
Checkthe ful crypto analysis HERE>>>.
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