NEM has held on to the $0.86 levels for the past few days, but the bulls are unable to push prices above the down trendline.
This is likely to lead to another attempt to break down of $0.86 within a couple of days.
If the bears succeed, a fall to the Jan. 16 lows of $0.55134 is likely. The 20-day EMA has turned down and is likely to complete a bearish crossover if the support breaks.
We don’t find any bullish setups on the XEM/$$$ pair with price trading below the trendline and both the moving averages.
A change in trend will be signaled once it rallies above $1.21.
You never know what the market brings, but in the long run nem never disappoints
I hope NEM will be not disappoint in future.
Because of Weiss Ratings,
B Grade : ETH and EOS.
B- Grade : ADA, NEO and Steem.
C+ Grade : ARK, BTC, BTS, GBYTE, DASH, DCR, IOC, LTC &
NEM.
Weiss gives
NEM a C+ (meaning “fair”)
C Grade : AEON, ASCH , BLK, BLOCK, BURST, BCN, XCP, DOGE, ETC, KMD, LSK, MNR, NAV, NBL, NXS, NXT, PPC, PIVX, QTUM, XRB and XRP.
C- Grade : BCH, CLOAK, DGB, XDN, ETN, FTC, NMC, RDD, SKY, UBQ, VIA, XWC and ZEN.
D+ Grade : AUR, BTG, EMC2, GAME, NLG, MEC, ETP and PURA.
D Grade : EXP, GUP, NVC, POT, QUARK, RISE and SALUS.
