Pricemann
Long

NEM is bought by institutions

HITBTC:XEMUSD   NEM / Dollar
The price of the "NEM" coin (XEMUSD) today came to a strong support level of $ 0.32, which was tested last year and the price after that began an upward movement. The graph shows that near this level, trades are held at very high volumes. Probably this is connected with the recent presentation of "NEM" technologies at the BIBSummit Banking Summit. The presentation said that the technology can be combined with the existing business model to address the most "painful" areas with which it faces the banking sector.

Now XEMUSD is trading above the support level of $ 0.32 and the technical indicators are forming a divergence, which should be seen as a reversal signal a good opportunity for a speculative long.

On the other hand, for long-term investment, one can look for projects that have been recently listed on the exchange. I actively watched how to start trading on CREDITS and their results look promising. It is worth looking at this project.
Trade closed: stop reached
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