XMR still in long term uptrend against DASH and ZEC
Updated
Even though XMR has shown short-term weakness against some coins in the privacy vertical they still have a way to go before they can challenge XMR's long-established upward channel against them.
I expect oscillation along the channel and would be surprised if they venture into the blue bands. Provided no fundamental change takes place any venture into the blue bands above or below should present a trading opportunity.
I expect oscillation along the channel and would be surprised if they venture into the blue bands. Provided no fundamental change takes place any venture into the blue bands above or below should present a trading opportunity.
Note
Blue Line: XMR/DASHYellow Line: XMR/ZEC
Candlesticks: XMR/BTC
Note
XMR/BTC played out differently than originally thought but looks promising. DASH and ZEC look like they will continue to get weaker against XMR but maybe at reduced velocity.
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