NEO BEARS ARE FADING OUT AS NEM PRICE MORE THAN TRIPLE AFTER WECHAT INTEGRATION TECHNICAL ANALYSIS December 9, 2017

NEO bears are fading out which is encouraging for bulls who are now aiming at $45 after bouncing from the double bottoms and this week’s low. Other than NEO, NEM bears were obliterated after announcement of NEM-WeChat integration which would make it more accessible to chine. Otherwise, all other cryptocurrencies like DASH, IOTA and Monero are trending higher.
Let’s look at the charts:
NEM BULLS UP 150% AND CLEAR 61.8% FIBONACCI EXTENSION LEVEL
XEMUSD Weekly Chart for December 9, 2017