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XEM/USD Two Shooting Stars In A Row

NEM added some percents in the past week and the currency pair looks very promising currently. I think that it may skyrocket in the nearest future, but still needs some gas to start off.

NEM has reached the resistance area at $0.1909 but retreated from there as bulls were unable to break bears’ defensive lines. I see the Shooting Star candlestick pattern, which makes me think of a downside correction before the price will go higher. As for the targets, the first one is at $0.1446 I think, but the general for midterm is at $0.2640.

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