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