This should simplify the analysis for everyone. It's my first look at XMR/USD today (ever), and all I can say is that I give it a super-bullish sentiment (check out my other posts, I don't do this often).
All technicals check out: BB, MA, RSI, MACD, PSAR, Candles and even Parabolas. Parabolas are great for revealing trend changes inside a trend flow. Especially in this chart it's clearly visible (marked "bullish signal"). Once a stock exits a 'parabolic resistance' trend line, it follows it (tightly packed) on the outside. This signals an imminent breakout as it sits and loads on top of the 'parabolic support' trend line.
I'm giving it a price target of 170+ by early 2020 (Jan/Feb), the ATL could be cracked by mid 2020 (May/Jul). And once the last resistance has been taken out, there is not much that could hold this down until a theoretical price target of near 3000. This is measured by connecting a trend line from the ATL peak, parallel to the 'lower trend line' (forming a 'channel'). This is obviously still in the stars, but for now let's aim for that ATL.
All technicals check out: BB, MA, RSI, MACD, PSAR, Candles and even Parabolas. Parabolas are great for revealing trend changes inside a trend flow. Especially in this chart it's clearly visible (marked "bullish signal"). Once a stock exits a 'parabolic resistance' trend line, it follows it (tightly packed) on the outside. This signals an imminent breakout as it sits and loads on top of the 'parabolic support' trend line.
I'm giving it a price target of 170+ by early 2020 (Jan/Feb), the ATL could be cracked by mid 2020 (May/Jul). And once the last resistance has been taken out, there is not much that could hold this down until a theoretical price target of near 3000. This is measured by connecting a trend line from the ATL peak, parallel to the 'lower trend line' (forming a 'channel'). This is obviously still in the stars, but for now let's aim for that ATL.
