Bearish rising wedge breakout. Looking for a nice double bottom to form.
Technical analysis: . MONERO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.3150 to 0.2940). if so, traders can set orders based on Price...
Technical analysis: . MONERO/ETHEREUM is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 47. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.3173 to 0.2814). if so, traders can set orders based on Price...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The price is above the 21-Day WEMA which acts as a dynamic support. . Relative strength index ( RSI ) is 55. New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume....
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The price is above the 21-Day WEMA which acts as a dynamic support. . Relative strength index ( RSI ) is 55. New trading suggestion: *The price is in a range bound and we forecast the uptrend would resume....
Technical analysis: . MONERO/DOLLAR 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 56. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and...
Technical analysis: . MONERO/DOLLAR 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 56. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and...