BITFINEX:XMRUSD Cup and handle or rounded-bottom? This is the question. It fits the rounded bottom pattern because the middle is exactly 40.5 days on one side and 81 in total. The only issue is that RSI and MACD are already quite overextended with RSI oversold and MACD way over extended. For cup and handle we need to wait for handle to form. Could this still go up, sure it can probably will take couple of days. If it breaks up the buying point would be $150 with target $207. Something to watch out.
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Update. Buy: $155 - $156 Stop: $130 Target: $210 I would not buy below $155, it could be a bear trap, the RSI is oversold and MACD is already over extended, so we need a confirmation. We could see a correction and possible handle formation, if this is not a rounded bottom or maybe will collapse all together.
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It might work will see.
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Still up trading, slow growth is the key :)
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If it breaks the descending triangle.
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Still watching... going slow
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Update
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Here is the BTC idea. I missed the last night 2000 pick, I would have exit but now I'm flat so waiting to see if it goes back up a little. Not going anywhere this coin, still need more time I think to break the 2000 resistance.
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Most likely this will happen.
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Hope is coming :)
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I sold my stake in monero. Is not going anywhere. Got a small gain.