NEM has added more than nine percent in the past 24 hours. The currency pair looks very promising and follows the allies. Buyers seem to have full control over the market and they are able to reach new tops on Tuesday-Wednesday.
XEM/USD has jumped over the resistance area at $0.1682 and went higher on Monday. However, NEM failed to reach the next resistance at $0.1873. The currency pair stays below this level in the moment of writing.
The main trading idea for XEM/USD is bullish scenario. We think that XEM/USD is likely to jump over the closest resistance area at $0.1873 in the nearest future and target the next resistance at $0.2002, where July highs lie.
However, bears are able to start a correction, which target is at the closest support area at $0.1682 at least.
Checkthe full crypto analysis HERE>>>.
XEM/USD has jumped over the resistance area at $0.1682 and went higher on Monday. However, NEM failed to reach the next resistance at $0.1873. The currency pair stays below this level in the moment of writing.
The main trading idea for XEM/USD is bullish scenario. We think that XEM/USD is likely to jump over the closest resistance area at $0.1873 in the nearest future and target the next resistance at $0.2002, where July highs lie.
However, bears are able to start a correction, which target is at the closest support area at $0.1682 at least.
Checkthe full crypto analysis HERE>>>.
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