NEM is a New Economy Movement. Still downward. XEM/BTC analytics
BUY: 0,00001650- 0,00001680
BUY: 0,00001480- 0,00001505
Support: 0,00001650
Resistance: 0,00001965, 0,00002127
Over the past few days, the asset price behavior has changed. If it chart was a mirror image of Bitcoin early, now NEM goes along with the main cryptocurrency.
The weekly chart says that it is likely to price fall to 0.00001480, while on the daily chart we see strong support at the level of 0.00001650. Reaching this area, the price may stay into consolidation or bounce up.
December 19, 2 times higher trading volumes were recorded, than the previous 2 weeks. However, the purchases that led to an increase in the rate ceased quickly and the whole volume was sold out during the trading session. The entry zone into the asset lies within 0.00001650- 0.00001680, in this range we open a long deal for a small part of the deposit since there is a threat of breaking the support and plunge the price to 0.00001480. Gain a long position in this zone. The first line of resistance is 0.00001965, quite strong and protected by bears. Therefore, it is necessary to monitor the activity when approaching this zone. If we break through it, then the next resistance will be at the level of 0.00002127.
BUY: 0,00001480- 0,00001505
Support: 0,00001650
Resistance: 0,00001965, 0,00002127
Over the past few days, the asset price behavior has changed. If it chart was a mirror image of Bitcoin early, now NEM goes along with the main cryptocurrency.
The weekly chart says that it is likely to price fall to 0.00001480, while on the daily chart we see strong support at the level of 0.00001650. Reaching this area, the price may stay into consolidation or bounce up.
December 19, 2 times higher trading volumes were recorded, than the previous 2 weeks. However, the purchases that led to an increase in the rate ceased quickly and the whole volume was sold out during the trading session. The entry zone into the asset lies within 0.00001650- 0.00001680, in this range we open a long deal for a small part of the deposit since there is a threat of breaking the support and plunge the price to 0.00001480. Gain a long position in this zone. The first line of resistance is 0.00001965, quite strong and protected by bears. Therefore, it is necessary to monitor the activity when approaching this zone. If we break through it, then the next resistance will be at the level of 0.00002127.
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