SebastianofMoon

XMRBTC breakout coming soon

Long
POLONIEX:XMRBTC   Monero / Bitcoin
Well, the weekly BBands are extremely narrow in XMRBTC. So a breakout seems likely.
Even though we are a bit overbought on the weekly timeframe, the monthly says that there is huge upside potential.

Stoch RSI has been oversold for a very long time now, and this together with the BBAnds, imho favors the upside.

Now USD-wise, of course, much depends again on BTC. Nevertheless, it is interesting to see the there is room to grow for Monero compared to BTC.
As with the other altcoins, new USD highs only after 2020, when BTC reaches new highs.

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