Crypto Screener Forums Nem (XEM) Forcast – Technical Analysis Nem (XEM) Technical Analysis – March 2018 Reply To: Nem (XEM) Technical Analysis – March 2018

#1709
margincall
margincall
Keymaster

Taking a quick look at how NEM is holding up against Bitcoin.

XEMBTC forecast 11 March 2018
As we can see XEM is still in a bearish trend versus Bitcoin, however this is the kind of chart setup some high risk crypto traders like.

We can see the momentum is picking up in favour of the bulls and PPO has just turned positive.

Short term support is at 3000 sat.

Resistance is around 4000 sat.

I expect more gains should we consolidate above 4000 sat on the short term.