XMRBTC pair is trading in the bullish pattern for a long time. Monero was not much wounded by the Bitcoin fall at the beginning of 2018. The tendency of buying Monero on the Angle Support boundary stays popular. As soon as pair lowers tot he Angle Support line, the volumes are rising, and the pair goes up.
From the upside, we have 0.03 resistance level and January high of 0.032 as resistances. The last rebound was from the 0.029 level, which coincides with the 23.6 Fibonacci level of the global uptrend.
A possible scenario is slow plunge lower, to the Angle Line and then testing of the 0.3 resistance.
From the upside, we have 0.03 resistance level and January high of 0.032 as resistances. The last rebound was from the 0.029 level, which coincides with the 23.6 Fibonacci level of the global uptrend.
A possible scenario is slow plunge lower, to the Angle Line and then testing of the 0.3 resistance.