XEM/USD Forms Bullish Flag

EOS is the winner? Forget it! NEM is the winner of Tuesday as the currency pair has managed to add 16 percent in the past 24 hours. Do you remember the last time NEM had such a huge growth? The currency pair has broken through several resistance areas and is consolidating currently. The price looks like a viper, ready to catch its new victim.

XEM/USD has reached our targets and managed to move even higher on Tuesday like Stakhanov (famous Soviet miner, who exceeded plans several times and was Soviet Hero). The currency pair jumped over resistance areas at $0.1873 and $0.2002. XEM/USD consolidates in the moment of writing, but we have already drawn a Flag pattern meaning the currency pair is able to develop its growth again.
As for scenarios, NEM still has fuel to grow. If Flag is true, the price will target the next resistance level at $0.2121 at least. However, we see XEM/USD to reach even higher levels at $0.2234 in the nearest future. Do not forget that XEM/USD is able to test the current support area at $0.2002.

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