In the last review, we wrote about the idea of a short from $ 0.40 to $ 0.20.
NEM after that was able to climb as high as $ 0.50, and only after it rushed down towards the goal and support level at $ 0.20.
Support level at about $ 0.20 turned out to be really strong: last week the minimum was $ 0.22, and on this week it’s even higher, despite the increased volumes of trading.
The fall stopped, at least for now.
Therefore, we change the short-term recommendation to "Neutral"
Long-term recommendation "Sell" received a technical confirmation: MAcross on the weekly chart turned upside down.
Thus, in the near future a consolidation over $ 0.2 is the most likely picture
After that the rate will probably test the minimums and try to go down even further
Profitable deals and follow our reviews!
NEM after that was able to climb as high as $ 0.50, and only after it rushed down towards the goal and support level at $ 0.20.
Support level at about $ 0.20 turned out to be really strong: last week the minimum was $ 0.22, and on this week it’s even higher, despite the increased volumes of trading.
The fall stopped, at least for now.
Therefore, we change the short-term recommendation to "Neutral"
Long-term recommendation "Sell" received a technical confirmation: MAcross on the weekly chart turned upside down.
Thus, in the near future a consolidation over $ 0.2 is the most likely picture
After that the rate will probably test the minimums and try to go down even further
Profitable deals and follow our reviews!
