BINANCE:XEMUSD   NEM / US Dollar (calculated by TradingView)
I expect NEM to grow again for the following reasons:

1. Weekly SRSI : Oversold
2. Weekly Positive Harami Candle
3. Weekly RSI (14) : has support and is showing accumulation
4. Weekly RSI (2): we may need to look for another dip which make another Higher Low and then buy.
5. Descending Trend Line needs to be broken up
6. Fundamentals: based on FCAS framework of reference for fundamentals NEM scores 844 out of 1000.

Then this analysis considers both Technicals & Fundamentals together.

Also, please consider Binance based tokens specially in DeFi field.

This is not a financial advice.


In an uptrend, select stocks that are stronger than the market. For instance, look for stocks that demonstrate greater percentage increases than the market during rallies and smaller decreases during reactions. This is why I have chosen NEM & have introduced it to others. It has already been corrected and much nearer to the estimated bottom.