Pips_In_Paradise
Long

$XMR, Weekly Bullish Flag…

BITTREX:XMRBTC   Monero / Bitcoin
Weekly
Looking at our trend timeframe we see price has recently formed a lower high at 2.2 million satoshis, and is now looking to form a lower low near 1.6 million. Stochastic RSI showing momentum is looking to form a lower and and we should see price follow. A weekly reversal is ideal before taking an potions on XMR.

Daily
Shifting over to our pattern timeframe we see price forming a potential double bottom , stochastic rsi showing momentum is starting to head towards the upside. A daily close above 2million and we should see a run towards the upside, however if we close below 1.9 million expect a sell off towards 1.6million

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Comments

what do you expect the ath price in xmr/btc to be in 2018?
Reply
@michael99, I think XMR hits .05 sats by the time 2018 is over
Reply
Cool. Thanks for the insight. Let’s see how it plays out.
Reply
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