$XEM currently is in a good accumulation range ~ $0.04 with a great profit potential.
Further downside is still possible but regardless it a great price to pick up some cheap $NEM.
Not financial advice.
In my opinion, the combination of charts and patterns that govern the past of the market, as well as the dramatic development of the digital world, will have a golden opportunity in the coming year.
Express your idea.
* Very dubious speculation.
* Nonetheless, XEMUSD's behaviour during this BTCUSD bullrun is very similar to the previous.
* XEMUSD's behaviour during the 1st half of this BTCUSD bullrun and its behaviour during this mid-cycle consolidation period--temporal milestones as measured per BTCUSD and NOT XEMUSD--are both very similar to that of the last BTCUSD bullrun.
XEMUSD is trading near its strong trendline, which has been reacted to several times since 2016, and is also on strong static support.
Considering both of the above, it is located in a very strong support area that can reach high targets after the accumulation phase in this area.
The following targets will be available considering the resistance ahead and...
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interesting position for XEM which breaks up the short-term dynamic resistance and immediately leads to the static resistance test in the 0.14 area, the overcoming of this resistance would pave the way for interesting developments
XEMUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 0.1667 support level. Only the upward break of 0.1981 would cancel the bearish scenario.
Stop loss: 0.1981
Take profit 1: 0.1501
Take profit 2: 0.1205
Strategy: Bearish breakout
The live NEM price today is $0.215854 USD with a 24-hour trading volume of $224,474,919 USD. We update our XEM to USD price in real-time. NEM is down 0.52% in the last 24 hours. The current CoinMarketCap ranking is #76, with a live market cap of $1,942,684,064 USD. It has a circulating supply of 8,999,999,999 XEM coins and a max. supply of 8,999,999,999 XEM coins.