UnknownUnicorn2091450

$XMR - Monero Daily Chart

Long
BITTREX:XMRBTC   None
Monero has has been a good overall coin in the privacy sector for months and has a strong longer term outlook. For entry here I wait for a confirm change in trend and looking for this current channel to break. We have the indicators of a new trend today as we have a nice green candle forming with some divergence on the BB% indicator and the AC oscillator is moving above the zero line showing there could be a new trend, however we wont confirm the trend change until we break the current channel. Along with the channel break, I want to see a candle close above the 20 period moving average then we need to break Resistance at 2439439. It is a lot to wait for here to look for a good entry, but I hope this indicator shows we are heading in that direction. If we are unable to break the channel and head south once more, support is around 2205299 SATS though the bottom bollinger line right now is slightly above this, so we may get a bounce there as well.
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