XMR looks like it will drop against BTC, and is already dropping against USD with tight BB on the 4hr.
XMRBTC - Daily RSI is low but will likely bottom out a bit more because: There is a TK-cross inside the cloud on default settings with the potential for price to go down/sideways and break out below the red ichi in a few hours -watch for this or a bounce that cancels it by bringing the price above the red ichi. "Crypto" ichi settings have the TK-cross in the cloud too and price action bouncing down off the tenkan. Money flow has yet to pick up in any significant way. We have room to drop inside the crypto setting ichi cloud, but have been using the bottom of the default ichi as a support for days now. Watch for this to continue holding as the 4hr Stoch comes down - if it does it could start another rally and would be a great buy. If price closes below the bottom of the green ichi, or moves sideways under that red ichi, wait until the daily and 4hr Stoch bottom out and look for a buy where price action starts to bounce. Even if BTC and the rest of the market continue consolidating/correcting XMR will have a bounce soon which can be swing traded.
XMRBTC - Daily RSI is low but will likely bottom out a bit more because: There is a TK-cross inside the cloud on default settings with the potential for price to go down/sideways and break out below the red ichi in a few hours -watch for this or a bounce that cancels it by bringing the price above the red ichi. "Crypto" ichi settings have the TK-cross in the cloud too and price action bouncing down off the tenkan. Money flow has yet to pick up in any significant way. We have room to drop inside the crypto setting ichi cloud, but have been using the bottom of the default ichi as a support for days now. Watch for this to continue holding as the 4hr Stoch comes down - if it does it could start another rally and would be a great buy. If price closes below the bottom of the green ichi, or moves sideways under that red ichi, wait until the daily and 4hr Stoch bottom out and look for a buy where price action starts to bounce. Even if BTC and the rest of the market continue consolidating/correcting XMR will have a bounce soon which can be swing traded.