Bitcoin Forum

Economy => Trading Discussion => Topic started by: ICEXch on March 12, 2018, 05:07:49 PM



Title: NEM. -50%.
Post by: ICEXch on March 12, 2018, 05:07:49 PM
NEM. -50%.

NEM’s rate was not satisfied with the first reduction target, which we wrote about in the previous review: $ 0.40
And fell to the minimum at $ 0.26.
Now there has been a corrective rebound.
The technical picture remains bearish. And we recommend using this rebound to open short positions.
For this, you can use the region of $ 0.35- $ 0.40
Former support has now become resistance.
The goal of the decline is the historically strong support level at $ 0.2. So from $ 0.4 it’s  -50%
Cancellation of the idea is in case of receiving a buy signal from the MA cross (for this the price should rise and remain above $ 0.4)

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Title: Re: NEM. -50%.
Post by: Leonard2016 on March 12, 2018, 07:37:01 PM
another reason for NEM fall was coincheck hacking , more than 400$ millions have been stolen from it , and hackers used NEM coins mostly to withdraw that money.