At D1, the cloud is directing downward, indicating a downtrend. The price broke the uptrend line and divergence between the RSI and the price was formed. At H4, the cloud is directed downward, which indicates a downtrend. In addition, the RSI has reached the oversold level, which indicates that the sharp decline will soon stop and the price correction will begin...
Everything on monero continues to shoot green from the Crossover strategy and the ema dots. We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed! I am a big fan on monero and I personally would love to see it reject off resistance...
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After the candlestick fixation of the model "flag" abroad, short sell with a target of 45.6.
monero massive head and shoulders formation. if bitcoin heads to 1800$ we could see this coin bottom out. i don't think the bears are done just yet.
For a good price bounce we need a liquid price zone, which is $ 85-100. In this zone is not something that slows down the price drop, but you can trade rebound: 1) to the price zone of 120-130 $ (50%) 2) to the tsink zone of 160-190 $ (100%)
XMRUSD already treading down a different path. Short target at $230
Traders, Here we have XMR/USD 4H chart. By looking at this chart we have a complete AB=CD pattern that will short this chart for awhile before the determined hard fork. C-D bull trend breaking down will be confirmed next few hours and we will dive for few days to recover the bull trend again before the airdrop snap Regards, Mohsen
Looks like a little pennant is forming, keep tabs on the volume for a possible breakout on the upside. I'd also make sure to also watch that little support level.