XMR - getting ready to move upsteemCreated with Sketch.

in #technical-analysis • 8 years ago

Some bullish signs for Monero this week:

  • 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.

#cryptocurrency #trading #monero
8 years ago in #technical-analysis by
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