XMR/ETH near term and medium term upside further supported by technicals and fundamentals.
FUNDAMENTALS
The first trading day in July typically one of the best of the year.
Risk assets generally supported as US equities paring losses, at the moment, and look to be gaining momentum to possibly end in positive territory dof Trespite negative newsflow once again regarding Trump's global trade shenanigans.
XMR as published in previous XMR/ETH long becoming a preferred method of payment in non-clearnet markets.
TRADE IDEA
Long on pullback of resistance and now support of s/t triangle at around .2850 with tps targeting a move to .382 fibo level (April 2018 highs to 2018 lows) at around .3320 or .3318 to be specific which should provide a bit of resistance with stops just below .27 figure providing risk:reward value of +2:1
xmr
eth
cryptocurrency
- Bullish engulfing candlestick
Bullish engulfing candlestick closed above symmetrical triangle
CCI above 200 level - last time saw a .07 move spike higher
FUNDAMENTALS
The first trading day in July typically one of the best of the year.
Risk assets generally supported as US equities paring losses, at the moment, and look to be gaining momentum to possibly end in positive territory dof Trespite negative newsflow once again regarding Trump's global trade shenanigans.
XMR as published in previous XMR/ETH long becoming a preferred method of payment in non-clearnet markets.
TRADE IDEA
Long on pullback of resistance and now support of s/t triangle at around .2850 with tps targeting a move to .382 fibo level (April 2018 highs to 2018 lows) at around .3320 or .3318 to be specific which should provide a bit of resistance with stops just below .27 figure providing risk:reward value of +2:1
xmr
eth
cryptocurrency