Crypto Screener Forums Nem (XEM) Forcast – Technical Analysis Nem (XEM) Technical Analysis – December 2017 Reply To: Nem (XEM) Technical Analysis – December 2017

#1145
margincall
margincall
Keymaster

Taking a look at the longer term view on the XEM market vs Bitcoin.

XEM forecast 24 December 2017
XEM has finally broken out of the down trend against bitcoin and we can see a nice bullish trend developing. With that said the market is currently facing some resistance and is busy correcting.

For long term speculator that wish to enter the market now, I would recommend stacking some buy order from 6000 to 3000 sat.

I see the long term support at 3700 sat.

NEM vs USD I see longer term support at 50c – 70c, this will largely depend on the value of BTC in relation to the USD.

 
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