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Wolfofbitstreet
May 31, 2018 7:04 PM

XMR Monero The bottom is possibly in.  Long

Monero / Tether USDPoloniex

Description

This is my first long buy recommendation for a trade. 155-220 possibly. My biggest points are that it will coincide with a rise in Bitcoin and the Godmode 3.1 indicator which is extremely bullish in my humble opinion. This seems to be a bounce point for both resistance and support, if it holds then 220 is possible, and if not it's going to more then likely cascade down with some volume. Monero though is always a performer it's bit of weakness in the past months has been a point of concern but I believe in this project.

Scenario 1. Hold, rise to 220 or possible higher. 2. Cascade set stop/loss to 150 possibly a drop to 125 worst case scenario.
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