NEM has no clear direction currently, but we think that the currency pair is likely to resume its uptrend according to the chart situation in the moment of writing. We have adjusted the trend line and it shows the situation better in the moment of writing.
There is a bullish pattern on the 4H chart and we think that bulls have chances to drive the currency pair higher. The price is close to the ascending trend line and if it jumps off it, the price is likely to reach the closest resistance area at least.
We have set bullish targets at $0.2121, but the price will have to jump over the closest resistance area at $0.2002 first. However if this bullish pattern does not work, the bears will regain control and will be able to push the currency pair lower. The closest target for the decline lies at $0.1682.
Check the full crypto analysis HERE>>>.
There is a bullish pattern on the 4H chart and we think that bulls have chances to drive the currency pair higher. The price is close to the ascending trend line and if it jumps off it, the price is likely to reach the closest resistance area at least.
We have set bullish targets at $0.2121, but the price will have to jump over the closest resistance area at $0.2002 first. However if this bullish pattern does not work, the bears will regain control and will be able to push the currency pair lower. The closest target for the decline lies at $0.1682.
Check the full crypto analysis HERE>>>.
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