While everyone was focused on the BTC
crash / BCH moon last night, most coins took major dumps. However, there were a couple major coins that held their own and actually increased in terms of BTC
was one of them. Looking more closely, we can see that xmr has quietly passed the resistance set earlier in the month by its head-fake breakout. If the move continues, the next resistance could be met at about 0.026 where a 38.2% fib retracement and possible channel top converge. Onward through this, and the next stop would be just below 0.03. Daily MACD
is positive with room to run, and keep an eye on a possible breakout of the pennant
in the RSI
I am planning to slowly accumulate on any dips from here on out.