NEM/BTC Might Revers To The Upside
Yesterday NEM broke above the downtrend trendline, showing its' strength against Bitcoin. Prior to that, a bullish divergence was formed on RSI Oscillator, and then downtrend trendline of the RSI was broken. Here you go, more signs of XEM/BTC potential upside move.
NEM is still yet to prove its' upside potential by breaking and staying above the 200 Moving Average. However the price could get to 4900 satoshi during coming weeks, and if it breaks above next target could be 7400 satoshi.
Keep in mind that the trend is not bullish yet, NEM just starting to show signs of a trend reversal, but this, in fact, could be the beginning of the uptrend. At the same time break below the support at 2000 satoshi, would prove that Bitcoin is still dominating.
NEM is still yet to prove its' upside potential by breaking and staying above the 200 Moving Average. However the price could get to 4900 satoshi during coming weeks, and if it breaks above next target could be 7400 satoshi.
Keep in mind that the trend is not bullish yet, NEM just starting to show signs of a trend reversal, but this, in fact, could be the beginning of the uptrend. At the same time break below the support at 2000 satoshi, would prove that Bitcoin is still dominating.
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