DON'T SLEEP ON XMR/USDT!!! Nice Consolidation period...
XMR Chart is beautiful right now. We broke back into the ascending channel that XMR has been trading in for months since breaking out from macro downtrend.
It would be nice / easy to assume it will *stay* in the channel, break through recent resistance and move higher... But I have a feeling that with the uncertainty around BTC right now, we may just as easily see another dip down, weeding out the weak hands and allowing for more consolidation before the next move higher. There's a naiiiiice curve forming that I have a feeling we may stay within during this period.
XMR has the advantage of being one of (the?) oldest privacy coins in the market. Like most USD pairs, it generally trends with BTC, and being a large cap, it takes more volume to really move the price, but as we've seen with everything, there have been some really nice upswings that usually easy to spot.
Guys, I like looking at charts, but I'm really not that successful at trading because i tend to overtrade. XMR is one that I find fairly easy to trade, and has been so faithful to it's high-TF patterns that it makes for a great mid-term hold.
DON'T SLEEP ON XMR!!!
It would be nice / easy to assume it will *stay* in the channel, break through recent resistance and move higher... But I have a feeling that with the uncertainty around BTC right now, we may just as easily see another dip down, weeding out the weak hands and allowing for more consolidation before the next move higher. There's a naiiiiice curve forming that I have a feeling we may stay within during this period.
XMR has the advantage of being one of (the?) oldest privacy coins in the market. Like most USD pairs, it generally trends with BTC, and being a large cap, it takes more volume to really move the price, but as we've seen with everything, there have been some really nice upswings that usually easy to spot.
Guys, I like looking at charts, but I'm really not that successful at trading because i tend to overtrade. XMR is one that I find fairly easy to trade, and has been so faithful to it's high-TF patterns that it makes for a great mid-term hold.
DON'T SLEEP ON XMR!!!
-CD