jimjames244

XMR Bull Flag (Possible Pennant)

Long
BITFINEX:XMRBTC   Monero / Bitcoin
The recent price action in both XMR and Dash suggests recent influx of institutional capital in BTC has moved behind the two biggest or most widely accepted privacy coins.

Further support in the price may occur once XMR is listed on Bithumb:
www.coindesk.com/mon...ew-exchange-listing/

"South Korean exchange Bithumb is soon to launch trading in monero may be in part responsible. That exchange has recently seen vigorous trading for the newly created cryptocurrency, bitcoin cash, that has helped the asset's price shoot to new heights in recent days.

Monero trading is set to commence on August 27, according to an announcement by the exchange.

CoinMarketCap data indicates that volumes were highest on the Poloniex exchange today, which saw around 41 percent of total trading for the cryptocurrency.

Elsewhere in the markets, bitcoin is continuing it's period of relative price stability today, having hovered in the low $4,000s over the last four days. This follows a period of rapid increases in value that saw a number of record highs set last week."
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