CryptoComes

XEM/USD U-Turn Is On The Way

Long
HITBTC:XEMUSD   NEM
I have set my bullish targets lower as NEM develops a deeper correction frustrating my expectations. Anyway, I think that we will see some interesting events in the next couple of days. So stay tuned and follow the chart situation.


XEM/USD has reached my targets in the beginning of this week, but reversed later and started a correction. Anyway, my main trading idea is the same. I still believe that the currency pair is likely to resume its uptrend. However, I expect the price to touch the support area at $0.1729.
As for my bullish targets, I think NEM is likely to reach the resistance level at $0.2082.

Check the full crypto analysis HERE>>>.

All trading ideas every day on CryptoComes: u.today/pricewise

Everything about blockchain and crypto, Live 24/7 on CryptoComes: u.today/pricewise

Follow me and trade smarter with our insides!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.