Crypto_Ed

$XMRBTC Monero starting next cycle up

Long
BITTREX:XMRBTC   None
XMR bounced from the bottom and made a 5 legs up, followed by a ABC correction exactly to 50% fibonacci level.
After this correction, its already breaking the short term down trendline and starting its next cycle up which is leg 3 on the bigger chart.

Next target (mid term) is on the left chart.

MACD just turned green on Daily, RSI stayed nicely above 50 on both charts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.