XEM / USD

Regarding the price action, NEM's appreciation is really facing a strong resistance from sellers.

Note that yesterday from the 7th and 8th of February candlesticks, we can see that these long prices pushing the top wick are below our main line of activation of bulls at $ 0.55.

This is being formed even though the candlestick is higher than the low BB and, of course, the momentum change, as shown by the stochastic in our secondary table.

In my opinion, we can not justify anything unless we see price increases above $ 0.55 or below $ 0.35 that indicate the continuation of the bearish trend.