New channel, descending triangle or 1d's falling wedge lower line?
Trade is simple Entry 0.0137 Target 0.013 - 0.0127 Stop loss top 0.01399 Be safe guys.
Small div spotted. Is it enough to turn the downtrend around?
Breakout above 0.0129 for confirmation with target around 0.014s before selling resumes RSI oversold Regular bullish divergence Expecting short term bounce
Trendline before the "bump and run" pattern (steeper trend off of previous trend, price returns to earlier trendline, likely dipping below it momentarily) is one target. Another is a butterfly (harmonic pattern) completion at 1.272 of XA. Monero could become a long candidate at either of those two levels, with some confirmation.
This is a highly risky trade because; sell volumes are still high and it can do a huge spike to 0.01256 So bottom could still be far from here Trade at your own risk. TA is clearly on chart. Any questions be sure to let me know.
Reasons for long: bounce of the 50%, macd bull divs in descending wedge suggesting bottom soon, 70 period stoch >0.5, fast stoch crossing 0.2 up, wilfix bottom, adx increasing, oversold on rsi, trend line hit for ramp up, volume dropping off - looking for spike, squieze indicator showing near bottom, support from 200 ema, all hitting strong support at 140-150 we...
XMR has recently had a bit of a correction on its absolutely massive price increase and has reached another wave bottom. There was very strong support at 145, the price bounced back and it would appear that the momentum has turned back to the upside. We're at the beginning over another wave in this absolutely ginormous flag formation starting from the initial...
It would appear XMR has found bottom and is pushing back. Should it break this long standing trend line I would expect to see it push up through 1700 again.
Temporal bottom has been found and correction it's coming, i think this can extend beyond 0.016 if proper volume comes along with pump, confirming secondary target. Stop loss 0.015 Primary target 0.016 Secondary 0.017 Be careful on this trade Traps are bound to be found it could wick out below 0.015