Some bullish signs for Monero this week:
To be more sure in the coming XMR up-move wait till Crossing Line (Tenkan Sen, blue line) crosses the Base Line (Kijun Sen, red line)
The price target for the trade would be around 0.0143 XMRBTC - the value of the Kijun Sen on the weekly chart.
- XMR price is breaking the Lead 2 ( Senkou span B, red border of the Kumo, ), trading above the Kumo cloud
- Lagging Span (Chikou, green line) is above the price
- In 2016-12-21 Lead 1 (Senkou span A, green border of the Kumo) crosses Lead 2
To be more sure in the coming XMR up-move wait till Crossing Line (Tenkan Sen, blue line) crosses the Base Line (Kijun Sen, red line)
The price target for the trade would be around 0.0143 XMRBTC - the value of the Kijun Sen on the weekly chart.
Note
XMRBTC can take another attempt to break up the long term resistance from the weekly Base Linebut first it should try to keep the support from the daily one
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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.