The currency pair added more than one percent in the past 24 hours but the general picture on the Hourly chart shows that there is no tendency currently and XEM/USD is consolidating. This consolidation may be the beginning of something huge and interesting.
The currency pair has reached the resistance area at $0.2002 on Monday and tried to cross it, but failed and retreated later. However, bulls are still in control as the price is close to this resistance area. It seems like buyers will test it in the nearest future. The possible ways for XEM/USD are the following:
1. Red scenario (bearish). The currency pair will test the support area at $0.1873 and if successful, the sellers will push it lower.
2. Orange scenario (neutral). XEM/USD will stay between the resistance area at $0.2002 and the support at $0.1873.
3. Green scenario (bullish). NEM will jump over the resistance area at $0.2002 and move higher targeting the next resistance at $0.2121.
Check the full crypto analysis HERE>>>.
The currency pair has reached the resistance area at $0.2002 on Monday and tried to cross it, but failed and retreated later. However, bulls are still in control as the price is close to this resistance area. It seems like buyers will test it in the nearest future. The possible ways for XEM/USD are the following:
1. Red scenario (bearish). The currency pair will test the support area at $0.1873 and if successful, the sellers will push it lower.
2. Orange scenario (neutral). XEM/USD will stay between the resistance area at $0.2002 and the support at $0.1873.
3. Green scenario (bullish). NEM will jump over the resistance area at $0.2002 and move higher targeting the next resistance at $0.2121.
Check the full crypto analysis HERE>>>.
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