💎 Hey there, Paradisers! Let's take a look at XMR/USDT using the daily chart. It's forming a triangle pattern with well-defined demand and supply zones. The triangle is being shaped by trendlines that offer support and resistance. Recently, it got a small bounce from the supportive trendline and demand zone of 135.5.
💎 To get the best entry point, you might want...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (458).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (136.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
XMRUSDT at overbought condition also there's bearish divergene on the RSI price likely to take support @92.16-89.53. further break down price can reach 82.50
I'm sure Monero will take on itself more Volume and interest in 2018. It looks better than BTC and other "big coins".
The future fork also fuels interest in the coin :)
