needmoney90

XMRBTC Inverse Head and Shoulders

Long
needmoney90 Updated   
POLONIEX:XMRBTC   Monero / Bitcoin
XMR appears to have formed an inverse head and shoulders after it's multi-week consolidation from all-time highs, which signals that the bottom has been found, and a retest of the all-time high is possible. If .0265 is broken, the head and shoulders pattern will be invalidated (and form a lower low), so that's a good place to set your stops. Otherwise, hold for a retest of the all-time high, and partially exit your positions there, and wait to see if it breaks.
Comment:
Edit: The .0265 in the above was a typo, .0165 was (obviously) intended.
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