stochastic RSI shows higher lows and the histogram of the MACD shows upward movement, as well as a very low trading volume.
I recommend to open a long position from 87.5
Stop-loss at level 85-81
purpose - 91.5-96.8-104
As we see the chart is currently moving in a sideways direction. It is a good situation to enter a swing trade. This is a 4hs chart the trade could run over several days. The breakthrough of the Symmetrical Triangle may lead to a new upward trend.
Ascending triangle pattern indicating high possibility of upward momentum.
Taking into consideration the structure of the price action, it's indicative of forming an expanding triangle if the ascending triangle is rejected,
I find XMRUSDT chart more important than XMRBTC. Long until next resistance level around 16 USDT, short and buy back around 15 USDT. Then long again to retest ATH at 18.5 USDT. I expect a bit of consolidation for about two weeks at that level and then test new highs at 20 USDT with a dump all the way down to 15 USDT in March or even 9-10 USDT around April. See...