Just an idea, my personal opinion
Are we approaching a new steeper Uptrend Channel on XMR? ;)
If so, follow the arrows!
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Similarities can be seen within the 1.618 fib circle both in the square / rectangle and the touch of price on 1.618 level Tried to make this fun by making the circles eyes and drawing a tongue out, to create the smiley face
If XMR successfully breaks the triangle which it is a resistance level at the same time, then the money flow will be green for the next days and I see it can at most goes 70% especially while the XMRBTC pair starts to upward again.
Note: any drop is normal till it stays above the down trend.
XMRUSDT downward trend is broken
It's better to wait for a confirmation candle but it's already seems OK
You can see all the resistances on chart ( R1-R2-R3 )
Final target is ATH which is a important technical level
XMRBTC Situation: is getting recover from support level
Monero is seeing a price movement uptrend with a retest and 269.5. I am forecast a bullish market wiith entry points before the break of the second resistance, with a SL. Tell me what you think about this pair going Long
Today we analysis 6 chart and publish it for anyone that can take position and can take profit from market
In here we a key in some candles ago and we need a pullback to the minor resistance to accept the key after that it can fall down until the 1st tp reach
Dont forget stop loss and money management
Be with us and slepp comfortably
Monero has recently broke above a key resistance level & closed above the level on the Daily Timeframe .
A small pullback & retest of the key resistance around the 275 price mark has happened & is currently in accumulation.
RSI on the Daily Timeframe is 57.28, indicating an uptrend whilst still having lots of room before entering overbought territory.
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TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
*Support Points (Green arrows and white horizontal line)
*Resistance Points (Red arrows and white horizontal line)
From the point of writing, Monero has increased 24% in the last 7 days (compared to USD). Also Monero is finding a lot of support at the white line (0.6103). Monero fell closed last week below...
Chart: XMR/BTC (Daily)
Monero has been pushing up gradually and consistently, the 0.5 Gann Box price/time line has been hit. If Monero pushes past this convincingly, this line will turn from resistance to support and we can expect more bullish action.
Monero took a big hit from the recent crash and could be a very good time to buy back in.