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Trader_Bean

MONERO retrace to the 200 SMA before next leg up.

Short
Trader_Bean Updated   
BINANCE:XMRBTC   None
Trend Analysis monero xmr XMRBTC Bitcoin (Cryptocurrency) crypto Cryptocurrency privacy
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trendanalysis monero xmr xmrbtc bitcoin crypto cryptocurrency privacy
I think XMR takes a trip down to test the 200 at around 7300 sats which also has strong support. Still bullish on this but think we go lower for now.
Comment:
Target almost reached. Will we find support and bounce from around 7300 sats? I'll be watching closely and will go long from this region if we do find support.
Comment:
Target hit. What now? BTC possibly looking like it wants lower so this may affect us here. I do expect at least a bounce from here though. A daily close above this region would give me confidence.
Comment:
Hit target but dropped straight through. Want to see it reclaim before i can be bullish. All eyes on BTC though.
Trade closed: target reached:
Closing this as target reached.
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