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ForecastCity
Apr 29, 2020 1:56 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 (60.0). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.

Take Profits:
TP1= @ 71.70
TP2= @ 81.70
TP3= @ 96.90

SL= Break below S2
Comments
Kamryn
Thanks
ForecastCity
@Kamryn, You're welcome. we appreciate your support.
Kristalyn
Nice Set-up
ForecastCity
@Kristalyn, Thanks for your comment on this idea.
Shiva_forex
Love the clean analysis, very nice
ForecastCity
@Shiva_forex, We're happy you loved it.
Mesutkashmar
nice chart and Analysis
ForecastCity
@Mesutkashmar, Thanks. we hope you enjoy it.
Nayem1234
Nice work
ForecastCity
@Nayem1234, Thanks. we hope you enjoy it.
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