I expect NEM to grow again for the following reasons:
1. Weekly SRSI : Oversold
2. Weekly Positive Harami Candle
3. Weekly RSI (14) : has support and is showing accumulation
4. Weekly RSI (2): we may need to look for another dip which make another Higher Low and then buy.
5. Descending Trend Line needs to be broken up
6. Fundamentals: based on FCAS framework of reference for fundamentals NEM scores 844 out of 1000.
Then this analysis considers both Technicals & Fundamentals together.
Also, please consider Binance based tokens specially in DeFi field.
This is not a financial advice.
1. Weekly SRSI : Oversold
2. Weekly Positive Harami Candle
3. Weekly RSI (14) : has support and is showing accumulation
4. Weekly RSI (2): we may need to look for another dip which make another Higher Low and then buy.
5. Descending Trend Line needs to be broken up
6. Fundamentals: based on FCAS framework of reference for fundamentals NEM scores 844 out of 1000.
Then this analysis considers both Technicals & Fundamentals together.
Also, please consider Binance based tokens specially in DeFi field.
This is not a financial advice.
