TradingView
vapecaster
Jan 9, 2020 8:35 PM

XMR/BTC 4h Monero cup & handle strong bullish momentum Long

Description

Monero Research Lab released Triptych on the 6th of January proposing trustless logarithmic-size ring signatures. This could improve coin’s privacy significantly. Also there are plenty of good news suggesting that 2020 might be a good year for privacy coins. Monero has been around for a long time and is inline with Bitcoin, Ethereum, Litecoin and other top currency when it comes to investors trust. Looking at the 4hrs and daily charts we can see a very bullish cup & handle formation. Volume is also picking up. XMR/USD chart is also forming inverse head & shoulders pattern, which is another bullish signal.

Trade active

Trade closed: stop reached

More