NEM/XEM false alarm surges but keeps high prices, what to do next? : Cryptocurrency Chart Watching

2018 Price ForecastI tried something like that, but immediately the near-term targets were already met (laughs). The big objective according to that analysis has not collapsed, but the "momentum" might have changed.

Being pleasantly surprised by positive forecast is fine, but on the other hand, a strong corrective avalanche selling could be coming soon as well. It’s safer to consider both possibilities.

This recent surge was caused by a false report... or more accurately, an exaggerated interpretation, regarding a "partnership with WeChat." Some people even call it fake news, but it’s more accurate to say it was a gross overstatement rather than fake.

In simple terms, the correct statement is:“NEM China team unofficially but developed a third-party WeChat app that can use NEM (XEM)”.

However, that false report has already ended, and the market has almost recovered... Next year there will still be many opportunities for value appreciation, but please consider yourselves whether to rush into buying or to cut losses, as appropriate.

Now, I would like to think about the future path of XEM.