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.