XMR will have more sideways or it will go with new leg below 0.01. 100ema test at hourly failed. We had 3 sequences (green), now I can see possibility of 4th sequence; bounce to around 0.011 and boring sideways. Of course if we break 0.01 with good volume, we will see new leg down (red way).
buy c2 right now before it goes up X10
Monero seems to have bottomed out, and could go as far as 0.014 But this is my set up. Be safe!
New channel, descending triangle or 1d's falling wedge lower line?
Trade is simple Entry 0.0137 Target 0.013 - 0.0127 Stop loss top 0.01399 Be safe guys.
Small div spotted. Is it enough to turn the downtrend around?
Breakout above 0.0129 for confirmation with target around 0.014s before selling resumes RSI oversold Regular bullish divergence Expecting short term bounce
Trendline before the "bump and run" pattern (steeper trend off of previous trend, price returns to earlier trendline, likely dipping below it momentarily) is one target. Another is a butterfly (harmonic pattern) completion at 1.272 of XA. Monero could become a long candidate at either of those two levels, with some confirmation.
This is a highly risky trade because; sell volumes are still high and it can do a huge spike to 0.01256 So bottom could still be far from here Trade at your own risk. TA is clearly on chart. Any questions be sure to let me know.
Reasons for long: bounce of the 50%, macd bull divs in descending wedge suggesting bottom soon, 70 period stoch >0.5, fast stoch crossing 0.2 up, wilfix bottom, adx increasing, oversold on rsi, trend line hit for ramp up, volume dropping off - looking for spike, squieze indicator showing near bottom, support from 200 ema, all hitting strong support at 140-150 we...