CryptoComes

XEM/USD Huuuuuge move. Trend must go on!

Long
HITBTC:XEMUSD   NEM
I like NEM for its correlation with big players like Bitcoin. The currency pair has made more than eight percent in the past 24 hours. XEM/USD was volatile on Tuesday-Wednesday and I think there is enough gas in its engine to develop its flight. Investors are hungry for new gains and I think they have waked up to make some significant achievements.

Anyway, I remain bullish in this situation. I think that NEM is going to make a short break there in order to gather more buyers before this rocket will continue its flight. I also think we need to test $0.1883 before going any higher. This is not necessary, naturally, but according to technical analysis, correction is needed here.
My next target is set at $0.2248. It is far from here, but I like it. I like those huge moves and I think we are going to reach it in the next couple of days. However, remember that bears are also no sleeping now. Be careful in those twisted investing paths.
PS. If you asked me, when Lambo, I would say “After to the moon” Take care guys and follow my reviews.

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