XMR-BTC Weekly Chart
Monero BTC pair has been in a descending channel, and has not broken it since August 23rd 2021. Last week it closed with a green bullish hammer candle, and this week has started with a green bullish hammer candle as well, going sideways which could break the descending channel trend. This weeks candle has since turned red, but still in a slightly hammer formation. Another 2 days until this weekly candle closes so lets see what happens. If the yellow support line holds at 0.003766BTC, this could be very bullish for Monero.
D7R Chaikin Money Flow
The BTC flowing out of Monero is reversing and is heading back up to the zero line even though still red, could flip green soon.
MACD
MACD is reversing, Histogram going light red, and heading back to the zero line. Hopefully the blue MACD line will flip above the red Signal line, then this could be another bullish sign.
NeoButane Price Zone and Volume Zone Oscillator
The price and volume oscillator has flashed a green buy signal since September. It has reached a bottom in the purple area and has risen into the dark blue. If it continues north, this could be bullish for Monero.
Let's see what happens.
Monero BTC pair has been in a descending channel, and has not broken it since August 23rd 2021. Last week it closed with a green bullish hammer candle, and this week has started with a green bullish hammer candle as well, going sideways which could break the descending channel trend. This weeks candle has since turned red, but still in a slightly hammer formation. Another 2 days until this weekly candle closes so lets see what happens. If the yellow support line holds at 0.003766BTC, this could be very bullish for Monero.
D7R Chaikin Money Flow
The BTC flowing out of Monero is reversing and is heading back up to the zero line even though still red, could flip green soon.
MACD
MACD is reversing, Histogram going light red, and heading back to the zero line. Hopefully the blue MACD line will flip above the red Signal line, then this could be another bullish sign.
NeoButane Price Zone and Volume Zone Oscillator
The price and volume oscillator has flashed a green buy signal since September. It has reached a bottom in the purple area and has risen into the dark blue. If it continues north, this could be bullish for Monero.
Let's see what happens.
