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Short

MONERO vs BITCOIN

BINANCE:XMRBTC   Monero / Bitcoin
Hi, there!
Monfex is at your service and today we overview XMR/BTC.

XMR near the resistance zone and MA200 also there. And this bullish movement in the last week has been support with a bullish divergence by RSI .

A breakout of the key level with confirmation and consolidation of the price above it will be a good trade if this happens in the near future.

For now Monero has a bearish divergence and this tell us to look at some sell position. And globally by Monero we have a bearish trend .

Supposed Trade Signal by XMR/BTC
  • Sell near 0.007260
  • Take profit ~ 0.006310
  • Stop loss at 0.007548

  • Market Cap
    $999 452 535 USD
  • Volume (24h)
    $102 505 296 USD
  • Circulating Supply
    17 270 955 XMR

Share your thoughts, ideas about the market under the chart.

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GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
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