NEM prediction & analysis for September 22, 2017

NEM XEM/USD is trading at 0.2261. Cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for NEM. A breakdown of the upper boundary of the Indicator Cloud is expected with a test near 0.22, from which it is expected to attempt a rebound and continue growth with the target close to 0.30.

Earlier, a weak signal was received for buying of NEM cryptocurrency, due to the crossing of signal lines at the level of 0.21. Cancellation of the variant of growth of XEM/USD quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of ​​0.2000, which will indicate a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations XEM/USD is with a breakdown of the resistance level and closing above the area of ​​0.2600.