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VladimirRibakov
Jun 14, 2018 11:51 AM

Monero Buy Idea Short

Monero / DollarBitfinex

Description

D1 - Price reached the bottom of the triangle, bullish divergence. There are two possible scenarios from here.

H4:

Scenario 1 - We may expect a correction to happen until price reaches the zone between 123.90 - 118.71. Once the correction completes itself, we may then start looking for buys.

Scenario 2 - In this scenario we may expect a deeper correction with the price moving lower below the bottom of the daily triangle, thus creating a false break for us. Once the false break completes itself we may then start looking for buys.


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