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QubitLife
Sep 17, 2020 8:42 AM

XMRUSD: Local prospect (17/09/2020) 

Monero / DollarBitfinex

Description

On D1, the price rose above the Ichimoku cloud, which is directed downwards. Also, earlier was found the support at the level of 61.8% by Fibonacci.
In general, the downward movement from August 21 to September 5 can be identified as a correction.
The upward impulse is well seen on H4, which may be the first impulse for the continuation of medium-term growth.
RSI is in an indefinite state, which indicates a possible start of a local downward price correction.

We recommend buying when the RSI reaches the oversold level on H4.
Comments
BakiShirzadi
Nice chart, good luck
QubitLife
@BakiShirzadi, thx. You too
Sadovoy_Trade
Good analysis
PolarHusk
ThanksGoodJob
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