POLONIEX:XMRBTC   Monero / Bitcoin
120 1 3
Just some thoughts.
Comment: To further elaborate. There are bullish divergences on the 12h/6h/4h chart when using the MACD as indicator. Furthermore, on the 12h/6h/4h chart the RSI is went significantly below 30 on the high volume dump. In addition, the 61.8% retracement level approximately coincides with the old high (0.0111) and has been tested on high volume. That zone (0.00111 - 0.0115) should thus act as strong support. Lastly, the MACD is bound to flip on the 4h and 6h chart.
To further elaborate. There are bullish divergences on the 12h/6h/4h chart when using the MACD as indicator. Furthermore, on the 12h/6h/4h chart the RSI is went significantly below 30 on the high volume dump. In addition, the 61.8% retracement level approximately coincides with the old high (0.0111) and has been tested on high volume. That zone (0.00111 - 0.0115) should thus act as strong support. Lastly, the MACD is bound to flip on the 4h and 6h chart.
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