tekolo
Long

Trading idea for XMR/USD LONG - Current price 123.4 USD

BITFINEX:XMRUSD   Monero / U.S. Dollar
On this occasion we are looking for an entry in the XMR and USD parity to open a long position that takes us to a price of around 152 USD.

We have to be aware of the confirmation of buying signal that is currently developing.

Buy strategy:
1) The price (candle) closed above the Kijun (pink line) is a well-known strategy using Ichimoku .
2) But, we prefer a confirmation, then we wait for Tenkan (blue line) crossing Kijun (pink line).

MACD+DI also can provide us further confirmation of the signal (green points).
The RSI is currently above 50. It is an indication of a bullish market.

Our target is 152 USD. And our Stop Loss, 113 USD. The SL is determined by the support offered by the lower line of the Kumo (cloud).

Stay tuned of any changes and good luck!





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Fellows, some people have written to me asking if I have a channel of signals, or something like that, to which they can subscribe, paying or not. I don't have any signal channels. Nor do I agree with the payment signals, pumps, dumps, hold, etc.

But, I can give you my BCH wallet and if you liked this analysis and you won something with it, you can send me a tip, it will be welcome.

BCH / BCC Wallet:
1DHV4bhygMwUeaFctGuFSzzzYGRENYWAhs

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Trade active: With the bullish trend in BTC, we must be cautious or close the operation.

Be aware of the price and make a decision according to your risk level.
Comment: XMR could not stand the rise of BTC. As a result, XMR lost its bullish trend in time frames shorter than 1 hour.

You can use the RSI as a trend reversal indicator and should expect a rebound from the 45 - 50 levels. The RSI should be kept in the upward half of the chart to validate a bearish reversal. If the latter does not occur, consider selling according to your risk level.
Yes, the double-top at 130 suggests strong resistance at that level. Good comment about BTC's bullish trend, and thank you for the analysis.
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