TradingView
ForecastCity
Nov 28, 2019 3:42 PM

Don't miss the great buy opportunity in XMRUSD Long

Monero / US DollarPoloniex

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.17). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XMRUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.

Take Profits:
TP1= @ 59.85
TP2= @ 66.80
TP3= @ 81.60

SL= Break below S2
Comments
Best_Forecast
This is such a complete analysis, I truly feel like I am learning quite a lot from you! Thanks!
ForecastCity
@Alexander_007, Please don't mention it.
fxniki
@Alexander_007, I feel the same about it.
ForecastCity
@fxniki, Thank you.
Forecast_Crypto
Very thoughtful, Thank You for sharing!
ForecastCity
@Forecast_Crypto, You're welcome.
fxniki
@Forecast_Crypto, I agree with you.
ForecastCity
@fxniki, Thanks.
fxniki
I think it's a great time to buy above 52.17. Thank you so much for publishing such a great TA and such a great buy opportunity in XMRUSD.
ForecastCity
@fxniki, Thanks for your nice comment about it.
More