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Xmr-btc

There is a possibility for the beginning of an uptrend in XMRBTCMidterm forecast: While the price is above the support 0.01185, beginning of uptrend is expected. We make sure when the resistance at 0.01395 breaks. If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 48. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.01255000 to 0.01185000). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01255000) Ending of entry zone (0.01185000) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.01395 TP2= @ 0.01580 TP3= @ 0.01710 TP4= @ 0.01900 TP5= @ 0.02040 TP6= @ 0.02300 TP7= @ 0.02565 TP8= @ 0.03420 TP9= Free
Long
by ForecastCity
7
A trading opportunity to buy in XMRBTCTechnical analysis: . Monero/Bitcoin is in a range bound and the beginning of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 49. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.01279700 to 0.01210440). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.01279700) Ending of entry zone (0.01210440) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.01388900 TP2= @ 0.01479200 TP3= @ 0.01552700 TP4= @ 0.01632840 TP5= @ 0.01753490 TP6= @ 0.01922380 TP7= @ 0.02157680 TP8= @ 0.02393000 TP9= @ 0.02574855 TP10= @ 0.03152420 TP11= Free
Long
by ForecastCity
XMR/BTC What to consider before you buy!If we mark out the daily range like so, we can see that we fell beneath the middle point of the range and are getting rejected so far, which isn't looking so good. I wouldn't be looking for any buys right now, either wait until we hit the bottom for a possible bounce to the top, or if we break the middle point again and find support. Now, it's worth noting that we bounced from the optimal fib zone, but since the higher timeframe is bearish, I think it's temporary. Still, if we break above again it might be worth looking for a buy. Trade wisely.
X
by UnknownUnicorn3664665
A trading opportunity to buy in XMRBTCTechnical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.0160 to 0.0151). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.0160) Ending of entry zone (0.0151) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons: Take Profits: TP1= @ 0.0172 TP2= @ 0.0180 TP3= @ 0.0191 TP4= @ 0.0211 TP5= @ 0.0220 TP6= @ 0.0232 TP7= @ 0.0249 TP8= @ 0.0262 TP9= @ 0.0296 TP10= @ 0.0320 TP11= @ 0.0341 TP12= Free
Long
by ForecastCity