XMRUSD daily chart is looking awfull. I expect a correction at the very least to the trendline. Maybe even further.
26 usd and 33 usd would be the buying targets/short take profit targets.
We have a 1 month old trendline broken, a bearish divergence in both RSI and MACD histogram, and last but not least, a MACD bearish crossover.
Weekly chart, with the Stoch RSI bearish crossover and with that MACD allowing a huge correction, allows even further correction, though i consider it unlikely unless massive bear market in bitcoin.
I don't use any exchange offering leverage on xmrusd pair, so i'm only playing this as buying targets to rebuy some of my monero
26 usd and 33 usd would be the buying targets/short take profit targets.
We have a 1 month old trendline broken, a bearish divergence in both RSI and MACD histogram, and last but not least, a MACD bearish crossover.
Weekly chart, with the Stoch RSI bearish crossover and with that MACD allowing a huge correction, allows even further correction, though i consider it unlikely unless massive bear market in bitcoin.
I don't use any exchange offering leverage on xmrusd pair, so i'm only playing this as buying targets to rebuy some of my monero
Trade closed: target reached
cover longs/reopen shorts. Trade completed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.