XMR has made a solid break on the weekly and looks to add to the momentum coming off the bottom of this massive sell off. The setup is pretty much the same as with JASMY and XTZ. This setup is actually stronger though as it has a weekly high volume (144 period POC) node way above it. Price is attracted to volume more times than not; so this adds to the probabilities of the trade. I good spot to take out some gains is the weekly 21 SMA which currently sits around $180 (roughly +60%) but is declining so you will want to bring that in the longer it takes to get there.
Trade active:
Monero has made the break and should be a good runner. Next congestion area should be around the $146 mark. Target for some profit taking is in the 169.70 area currently for about 45% with and average price at close to $120 with adds after the weekly break.
Trade closed manually:
We took profits on this trade at $149, we before our initial targets. The macro situation is shaping up very dangerously and are taking profits early on all our positions. This one was a nice winner with 15% gains.
