Monero On Track For ATH
Weekly
Highest timeframe showing uptrend since June 6th 2016. Major support @ 0.02277000, price recently broke out of its ascending triangle found resistance @ 0.03000000. Stochastic RSI showing momentum is bullish.
Daily
Looking over at our trend timeframe we see price formed a double bottom and broke out of it’s consolidation zone 0.02336700—0.02600000. Price found resistance @ 0.0320000 and has returned to our breakout support. Possible Higher Low forming @ 0.02600000. Stochastic RSI showing bears are losing momentum.
4Hour
Shifting over to our pattern timeframe we see price is in a minor downtrend. Waiting for a break and close above 0.02720000 on the 4hour before taking an entry. Smaller timeframe showing possible double bottom forming @ 0.02660000
Conclusion
Wait for a break and close above 0.02720000 before taking a buy.
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