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Monero Ascending Channel (Bullish Potential)

BINANCE:XMRBTC   Monero / Bitcoin
Monero ( XMRBTC ) is trading within an ascending channel and is showing a pretty simple and basic set up.

Now that the lower end of the channel has been touched, you can expect a bounce from current price level.

If XMRBTC is to drop lower, support can be found on the next fib. level.

All details can be seen on the chart.

Take a quick look at our Monero (XRMBTC) Full Active Trade:

Feel free to hit like to show your support.

Thanks a lot for reading.

Namaste.
Comment: The ascending has been taken out and XMRBTC is now trading at support.

Here is the chart:

- The divergence is showing up on both indicators now, RSI and MACD.
- It can still go lower as most altcoins are hitting long term support or new lows.
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Related Ideas

This trade was stopped. No targets were reached,
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@arasbr, This is not a piece of trade advice, all of my trades contain buy-in, target, stop loss and additional information.

All information shared on this channel is intended for educational and entertainment purposes only.

Namaste.
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Is the trade still active?
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@EBCO, This is not a trade but chart analysis.
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