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Brodie_MT
Mar 2, 2018 6:16 PM

Adam and Eve Forming for Monero (XMR) Long

Monero / DollarBitfinex

Description

Watching this pattern here. A/E forming and looks as though its just about to the neckline (~$340). In addition to the pattern formation, XMR vs BTC just broke out of a triangular consolidation (waiting on a daily close above upper resistance to confirm). I looked at these charts before realizing there is also a XMR fork proposed for the near future which could also drive the price up some. Keep an eye out. For now, it looks like a decent start to a long.

*not investment advice, merely observations.

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XMR vs BTC for reference:

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Neckline confirmation:

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Comments
akuczera
Hoping for the next wave upwards. My stop is at 30k.
Brodie_MT
@akuczera, 30k? thats bold.
akuczera
Brodie_MT
@akuczera, I figured just hassling you... probably meant 3M sats though ;)
akuczera
@Brodie_MT, oh yes.. :)
Brodie_MT
@akuczera, Only a little more than an hour left to close that daily candle. *fingers crossed*
akuczera
@Brodie_MT, I think we will make it.
akuczera
@akuczera, here we go!
akuczera
I see a flagformation on the 1h chart with a possible breakout. What is your opinion on the idea? Any update?
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