IvanLabrie
Short

XMR: Monero losing value vs Bitcoin

HITBTC:XMRBTC   Monero / Bitcoin
Was looking at altcoins and stumbled upon this chart, showing us a very bearish RgMov moving ahead of price.
I can obtain a time and price target from this chart, which is represented by the triangle and the arrow showing the trayectory and trend starting point.
Pattern traders will recognize a Head and Shoulders formation at the top of this rally, with notable bearish divergence in CCI , and ROC starting to trend down.
Will update along the way.

Update:

Target 1 hit:

snapshot
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Shorter term target and potential reversal levels:

snapshot


For this trade to work, you want price to move under the two 'key hidden levels' options expirations support lines.
And this must be done before time in the counter expires for it to work.
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