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XMR upward trend set to continue
Long
XMR upward trend set to continue
By chartorscience
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Jan 16, 2018
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Jan 16, 2018
Quick analysis of XMR, which I consider to be a great option in these bearish times.
This week XMR has been trending up within the channel
Strong trend support (lower bound of channel) set to continue
Tested resistance at 31,000 sat's twice today already. If this breaks through the price will likely spike upward
In addition:
Volume over past day has slowly increased - likely accumulation before takeoff
Decreasing BBW indicating that volatility is reducing and BB Squeeze is likely
Cyclical increasing patterns of DMI+
Look to accumulate in the bottom half of the channel and ride the gain train.
Bitcoin (Cryptocurrency)
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Chart Patterns
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Cryptocurrency
cryptotrading
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monero
Trend Analysis
trendsignal
xmr
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