Monero Ascending Channel (Bullish Potential)
Updated
Monero (XMRBTC) is trading within an ascending channel and is showing a pretty simple and basic set up.
Now that the lower end of the channel has been touched, you can expect a bounce from current price level.
If XMRBTC is to drop lower, support can be found on the next fib. level.
All details can be seen on the chart.
Take a quick look at our Monero (XRMBTC) Full Active Trade:
](https://s3.tradingview.com/4/4gIXVobS_mid.png)
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Now that the lower end of the channel has been touched, you can expect a bounce from current price level.
If XMRBTC is to drop lower, support can be found on the next fib. level.
All details can be seen on the chart.
Take a quick look at our Monero (XRMBTC) Full Active Trade:
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Comment
The ascending has been taken out and XMRBTC is now trading at support.Here is the chart:
- The divergence is showing up on both indicators now, RSI and MACD.
- It can still go lower as most altcoins are hitting long term support or new lows.
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