Technical analysis:
. MONERO/BITCOIN is in a downtrend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 43.
. The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trading suggestion:
. The price is in a downtrend, but we forecast the uptrend...
Technical analysis:
. MONERO/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0235 to 0.0224). if so, traders can set orders based on...
MONERO / BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (0.026) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price...
Previous trend easily breached, new trend showing a double top (indicated by arrows) which is a harmonic reversal pattern and could be an indication for bearish price action. MACD saw negative divergence on the double top as well, indicating the trend is losing strength. But the trend just broke out and it is also rational to suggest it is unlikely a correction...
Swing Trade (D, 240)
XMR is bullish all the way since it crossed the 0.0160 Satoshi mark, after 0.0169 Satoshi mark there is no HH or no LL and we can see a tired uptrend i.e HH sequence and there is no LL after 0.0171 Satoshi. We breached the immediate sellers and maintaining grounds above the hash color line S &R. We can expect that price could reach the top...
