How Easily Resistance can Become Support XMRReturn to a strong trendline for XMR
Perfect buying opportunity as this will likely bounce off 1.618 or the trendline drawn
What was previously resistance (1.618) has become a place of support now
XMRUSDT
XMRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price is in a triangle and wants to test the resistance. But if the price goes out of any direction, the trend will move in that direction. We have specified it for you
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
XMRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price has a strong support after the fall and is starting to move upwards. We can buy a step in this area for the above purposes.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
XMRUSDT - 4HThe continuation and flag patterns are seen there. It'll break the resistance line again?
XMRUSD Bouncing off Key zonesXMR is bouncing off the previous highs here.
We also have a volume node concentration around these zones. Will look for a hold of this range for a pullback into 490-95 areas and higher
Long on retestOn the daily chart you can see Moneros price currently has a strong correlation to the relative strength of Bitcoin. As of now Bitcoin is heading for a strong resistance zone 57500 were I think there will be another bounce and test of the 59000 area where I will be waiting for a high volume breakout of the wedge. I think this is pretty unlikely for BTC right now however an entry on the retest puts us in decent long position should it fail and if it does succeed I see no reason why Monero wont be on route to 520+ again. This is not financial advice posting for learning purposes, keeping a log of the thought process behind my trades to better my analysis in future. Let me know what you think, safe trading!
Bullish pennantStop loss is a must, BTC is not looking too strong right now be careful of a dump. Personally I will wait and see if BTC can hold its wedge in the coming hours. Let me know what you think, posting for learning purposes DYOR.
XMRUSDT Clean Break with VolumesXMR has given a clean break with good volumes, Over all crypto markets are consolidating , this breaking out will gather more steam once we the majors pullback.
Looking for a test of 500 and higher areas.
XMRIf XMR can hold next 4 hour candle above trend line. I believe 500$ could be on the cards in the coming days providing bitcoin stays trading within a range. Please let me know what you think.
Xmr Broken Bullish FlagXmr has broken the Bullish Flag and we can now see it's movement upward ⬆️
Thanks
