XMR.UST (Y21.P2.E1).Cradle setup Long

Description

⋅ Apr 29, 2021 1:22 AM

Hi All,

XMR looking ripe for a 4 hrly candle to find support on previous ATH resistance.
Smaller time frame we also see a potential breakout as well.

There is 2.5 hrs for the 4 hrly candle to close bullish.
Macd is convergent as well.

s3.tradingview.com/snapshots/6/6qHjtb0j.png

All the best.

S.SAri

Comments

LarGrizzly

⋅ Apr 29, 2021 2:49 AM

Looks good S.SAri, nice and clean. Regarding the breakout are you referring to the ascending triangle price consolidation on the lower timeframes?

ssari

⋅ Apr 29, 2021 6:56 AM

@LarGrizzly, yes, breakout from that formation on the lower time frames. I thought it might be the catalyst for the bullish 4 hr candle.

LarGrizzly

⋅ Apr 29, 2021 7:37 AM

@ssari, Looks like your prediction is working out. I would have bought in but I'm in CAKE waiting for a breakout.