I_see_BTC

XMRBTC - Monero potential bullish cypher pattern

Lång
I_see_BTC Uppdaterad   
POLONIEX:XMRBTC   Monero / Bitcoin
10
Potential bullish cypher pattern on the daily chart shows a long entry around 0.011217777. Pattern completion coincides with a retest of broken resistance.
Handel aktiv:
Looks like a compelling place for a Monero long to me.

Kommentera:
Buying Monero again here
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Weekly chart trendline
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Bullish 4-hour candle
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Weekly chart also shows a beautiful 0.618 retracement complete
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Monero having a go at another resistance level. A break & close above should mean another buying opportunity on the pullback/retest. A breakout of the triangle could be a big deal. Waiting patiently

Kommentera:
I was focused on NFP and the BTC ETF decision on Friday and missed the prime buying opportunity on Monero at support. Now that it's broken out of the triangle I'm watching for a pullback to the trendline/support to buy again. Looks to me like the next big target is 0.014
Kommentera:
Breaking above, but still respecting the original structure on the 4-hour chart. Price is not random.
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