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omgosaurus
Aug 28, 2017 8:29 PM

XMR Ichimoku basic analysis - a Run on its end. Short

Monero / BitcoinPoloniex

Description

Kijun-sen ,Tenkan-sen both crossed and moved straight.
Cloud is getting thinner and XMR could test that 280 area real soon. If it can't fight its support, XMR might be going deeper in the 260ish area.
We are also below the chikouspan which add to the bearish sentiment.

I believe XMR is looking for consolidation next.

Trade active

Kijun-sen and Tenkan-sen broke off
Cloud have been crossed and we sit now under it, it was our support area that got eat with big volume market buy.

XMR have confirmed is momemtum switch, and I believe this is the confirmation of the end of that run.

Trade closed: target reached

TP1 reached at ,0280 with a perfect exit.
Comments
quanganhluxury
hello, do you mean is that XMR is confirming the upward trend, what the target for this waves. thank you
omgosaurus
@quanganhluxury, Its the confirmation of a new downtrend. Best of luck and Safe trading!
quanganhluxury
@omgosaurus, thank you, I have sold all XMR
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