Good support at 19-22c... After this accumulation period, XEM might reach 43-48c (mid-January expected) before a health correction (waves A B C).
Here's another prediction for a currently hot market. NEM aka XEM. Doing a dual chart in 1H timeframe and here's my bullish view on this market.
Moving in uptrend channel. Toched support line and go to the resistance line
NEMUSD price is in a symmetric triangle, near the breakout. Buy on breakout or on the support for a target of 50%+
XEM is launching it's 2.0 version at the end of December. In large falling wedge since June on BTC chart! Obviously, the price has seen a reversal in USD based on BTC going banana's. A trend reversal can occur at any moment ( new money flowing into the market ). It has found some support at the current level. Hence I left the entry point broader. My personal...
Very interesting chart. perhaps there will be a reversal, and perhaps there will be a fall to 0.10. A lot depends on which candle is next. I will definitely update tomorrow. Perhaps earlier. Happy Trading
NEM is in side way for more one month, this situation makes hard to trade but fortunately we have two way to trade For those short term buy around @0.16571500 and sell around 0.23820450 For those longterm buy around @0.14566140 and sell around @0.2439788
This idea is confirmed by the growth of the trading volume, as well as the transition of the histogram of the MASD into a positive trend. I recommend opening deals from 0.22, at the level of the last resistance.
NEM brokeout ressistance and tested waiting for rising after bounce from Support+0.618 F lvl Use Suply zones+ 1 & 1.272 F lvl as targets