Monero went on a bearish stretch, after the appearance of a Harami Pattern (marked on red) the price has began entering a correction phase where right now is going for a breakout possibly to the upper side, the price breaking above the moving average shows signs of a possible reversal happening, staying above that pink EMA200 indicates that prices has found...
Divergence is presented after reaching a 4H Resistance Zone. Since divergence is presented in the MACD in lower time frame, I'm still waiting for additional clues to where the price might go. Strong move is anticipated with good volatility coming to Friday.
Using fib from Impulse 1 and Impulse 2 to the final wick of both impulses we can see important levels highlighted, strong areas were price respected and has been following, a symmetrical triangle is formed. Waiting for confirmation on price movement to position trade.
I do analysis not know direction of the market, but to know how to react when the information comes available. When you adapt your mind to only think of one opportunity you are missing 99% of them. Work to achieve versatility, when you open your mind and expand your limits when you've done that you will have the power to see opportunity as it appears in front of...
