needmoney90
Long

XMRBTC Inverse Head and Shoulders

POLONIEX:XMRBTC   Monero / Bitcoin
2 months ago
XMR appears to have formed an inverse head and shoulders after it's multi-week consolidation from all-time highs, which signals that the bottom has been found, and a retest of the all-time high is possible. If .0265 is broken, the head and shoulders pattern will be invalidated (and form a lower low), so that's a good place to set your stops. Otherwise, hold for a retest of the all-time high, and partially exit your positions there, and wait to see if it breaks.
2 months ago
Comment: Edit: The .0265 in the above was a typo, .0165 was (obviously) intended.
JustinCode
2 months ago
Nice chart. Came to similar conclusion and waiting for good entry point under 0.017
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JustinCode
2 months ago
I see a Cup&Handle forming on the second shoulder, any thoughts on that?
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zeratul600
2 months ago
Invalidated :(
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