snatly
Long

XMR Rally after retrace?

KRAKEN:XMRXBT   XMR / XBT
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We broke through then up the 50% fib. Entered the 4h cloud, which is showing a tiny amount of strength. Stoch is heading lower it seems so perhaps more weakness ahead.

I like the R/R on 4hr, the daily is still technically bullish using Ichi. Weekly is a jagged mess that could be read in any number of ways.

Another factor is more bullish action in BTC could put downward pressure on XMR.

Regardless in euro terms we've had consistent strength for at least a couple of weeks since the sell offs. Then would have been the best times to go long truly.

Will stop out on a red HA on the 4hr and daily, if Ichi tells me I'll stay away from XMR.
Comment: Looking a little weak, but we are still within the cloud.
Trade closed: stop reached: Stop reached but will be keeping an eye on this crypto going forward.
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