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NEM. The first goal of a consecutive short was achieved.

BITTREX:XEMUSD   NewEconomyMovement / Dollar (calculated by TradingView)
In the previous NEM             review, we proposed the idea of a short from $ 0.65- $ 0.75 with a target of $ 0.40- $ 0.35
$ 0.65 was achieved and now the first target at $ 0.40 is reached.
Unlike many other cryptocurrencies, NEM             was unable to draw a buy signal from the MA cross on the daily chart .
Volumes of the decline are clearly increasing.
In general, signs of a reversal are not visible.
So you can keep at least part of the short positions.
Moving averages just as the resistance level decrease and now around $ 0.5
Support is still at $ 0.35 and $ 0.20
We wish you profitable deals and be sure to check out our website at icex.ch!
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