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AndresThomasShirakawa
Dec 16, 2016 3:26 AM

XMR DESTINY Long

Monero / BitcoinPoloniex

Description

Inside a bear kumo, XMR are trying to breakup a strong resistance that drags from the past.
In the attempt, when entering an overbought zone, the oscillators will be broken and the price will realize a retracement towards the level 0.382 or even deeper towards the 0.236 fib level and making finally a pullback to continue with a uptrend.

Apologies for the number of lines.
I will try below to clear the chart to be clearer, but i will to show the behavior with the highs and lows.

Thanks for your time.

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