Seeing that the market is bouncing back strong after the recent pullback we can spot several bullish signals in the 4hour chart for Monero(XMR).
Price following on the orange trend line and having to face no particular resistance until the 400($) dollars mark in combination with the Rsi looking strong and the Macd doing a reversal move,gives us a strong buy opportunity.
Entry Points:340-345($)
Profit Targets:
1st)375($)
2nd)400($)
Stop Order:310-315($)
Some Volume can be left for long term if the price succesfully tests the 400($) dollars resistance level.
Price following on the orange trend line and having to face no particular resistance until the 400($) dollars mark in combination with the Rsi looking strong and the Macd doing a reversal move,gives us a strong buy opportunity.
Entry Points:340-345($)
Profit Targets:
1st)375($)
2nd)400($)
Stop Order:310-315($)
Some Volume can be left for long term if the price succesfully tests the 400($) dollars resistance level.
Comment:
Goal of 375($) dollars has been achieved
Comment:
Second Target of 400($) has been reached but failed to break resistance,probably the price will retest the resistance again pretty soon.