Crypto Analysis Report 5-24-18 Monero Sitting In Daily Demand Zone At $160

After price reached low on the curve at the beginning of Feb., price form daily demand at $160. This same demand zone held again in April. What's special about this zone is where it's located. It represent the extreme low of the price range. Meaning, this level represents getting into Monero at a discount.

NOTE: Smart Money doesn't trade on 5 min charts. They are trading on daily, weekly and monthly charts. They buy low and sell high.

Trade Set-up:

I'm a conservative trader. My preference is to wait for confirmation that price once to go higher. I need to see a close above the daily trend line. I also need to see the buyers take out the sellers at $200 (yellow circle). If this occurs, look for price to pull back to the daily trend line for support...really look for buyers on a 4 hr chart to buy to go long.

Target 1 - $300 and Target 2 -$350

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.