¿What's up with Monero? - Trend reversing?
Monero: The trend
Good evening steemians, Monero was still to be mentioned on my blog so to change that, let's do some quick Technical analysis. There is still alot of hype around privacy coins.
- We broke upwards from the triangle, got a small pump. When XMR pumps over the $105 USD mark we will have confirmation on the move.
- The volume comming in in recent hours will probably send XMR to test the 105 again.
Monero seems as to have completed a standart 60% correction cycle and better days are in sight.
After reaching the top of the Bollinger band XMR is expected to return to the trendline. With a strong support @ $70 - $80 USD there are good chances of it popping really soon.
Trade idea
Buy target:
- $70 - $80 USD
Sell targets:
- $120 USD and $140 USD
Stop Loss: - $60 USD
¿What do you think?
Leave a reply
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sell to 120/140$ wow... you think will escalate so quickly in days or weeks?
more like 2 weeks, as i expect btc to return to the trendline now
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