XMR - Monero / BTC Showing Signs of Life - Part 2
15/01/2022
XMR - BTC
Since the 2nd it did not follow the path I suggested, but it did retrace as I suggested back to he sweet spot between 23% and 38% fib.
On the fib, chose 0% because of the green TD support dots
The 7 and 8 TD counts hit a low of 0.004364 and 0.004347 respectively.
Then the no.2 TD on the 13th Jan ripped up to 0.005392 for a 23% gain from the low.
Today on the 3 count with another 3 hours to go, it could go up from here as it is still early in the count, a hammer candle is forming, but the price action is not deviating much which could indicate indecision.
It would be nice to see Monero cross up into the orange 0.005529 Bollinger Band, and crossing up into the red 0.005852 BB would be super!
Monero has crossed the green TD support level at 0.005190, and is staying above at this stage.
The next level of resistance is at the pink TD resistance dots at 0.005750.
If Monero continues to rise, it could top out at the ~0.005600 area, if it does not punch through the resistance.
MACD has crossed bullish.
SuperGuppy is looking positive
Squeeze Momentum is on the second bright green bar
Money flow has crossed negative, and showing red, but appears to be forming a higher low
PZO/VZO is showing as being overbought, but the volume line is above the price line and they are still in the lower orange zone, and have not entered the red zone as in the previous green TD 8 on the 1st January.
Lets see where Monero takes us. Privacy all the way!
XMR - BTC
Since the 2nd it did not follow the path I suggested, but it did retrace as I suggested back to he sweet spot between 23% and 38% fib.
On the fib, chose 0% because of the green TD support dots
The 7 and 8 TD counts hit a low of 0.004364 and 0.004347 respectively.
Then the no.2 TD on the 13th Jan ripped up to 0.005392 for a 23% gain from the low.
Today on the 3 count with another 3 hours to go, it could go up from here as it is still early in the count, a hammer candle is forming, but the price action is not deviating much which could indicate indecision.
It would be nice to see Monero cross up into the orange 0.005529 Bollinger Band, and crossing up into the red 0.005852 BB would be super!
Monero has crossed the green TD support level at 0.005190, and is staying above at this stage.
The next level of resistance is at the pink TD resistance dots at 0.005750.
If Monero continues to rise, it could top out at the ~0.005600 area, if it does not punch through the resistance.
MACD has crossed bullish.
SuperGuppy is looking positive
Squeeze Momentum is on the second bright green bar
Money flow has crossed negative, and showing red, but appears to be forming a higher low
PZO/VZO is showing as being overbought, but the volume line is above the price line and they are still in the lower orange zone, and have not entered the red zone as in the previous green TD 8 on the 1st January.
Lets see where Monero takes us. Privacy all the way!
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