Long
Monero Ascending Channel (Bullish Potential)
Monero ( XMRBTC ) is trading within an ascending channel and is showing a pretty simple and basic set up and it looklike last bulish movement for BTC with similar pattern.
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:
Monero Full Long Term Trade (180% PP )
Feel free to hit like to show your support.
The ascending has been taken out and XMRBTC is now trading at support.
- The divergence is showing up on indicators now, RSI , CCI and MACD .
- It can still go a bit lower as most altcoins are hitting long term support or new lows.
Thanks a lot for reading.
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:
Monero Full Long Term Trade (180% PP )
Feel free to hit like to show your support.
The ascending has been taken out and XMRBTC is now trading at support.
- The divergence is showing up on indicators now, RSI , CCI and MACD .
- It can still go a bit lower as most altcoins are hitting long term support or new lows.
Thanks a lot for reading.
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.
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.