The King of Privacy is the King of Gains [XMR/BTC]
Updated
Monero.
Naughty ascending triangle really strong formation occurring, obeying top of triangle V nicely. Supports and resistances everywhere as great safety nets.
Facts
Wave trend
~Looking to turn.
RSI
~Looking to bounce off resistance and hit support.
ADX + DI
~Looking to trend up generally and confirm a trend on the DI+.
BTC
~Bullish movement could increase the Monero growth over time.
Potential 30% increase on a break out from the end of the triangle.
Upcoming fork could be good media for the coin.
Conclusion~
I will be personally picking up some XMR given the conditions in the green accumulation zone I have set just for a longer pull. More upwards then downwards on this play which is a good habit of learning to trade into.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Naughty ascending triangle really strong formation occurring, obeying top of triangle V nicely. Supports and resistances everywhere as great safety nets.
Facts
Wave trend
~Looking to turn.
RSI
~Looking to bounce off resistance and hit support.
ADX + DI
~Looking to trend up generally and confirm a trend on the DI+.
BTC
~Bullish movement could increase the Monero growth over time.
Potential 30% increase on a break out from the end of the triangle.
Upcoming fork could be good media for the coin.
Conclusion~
I will be personally picking up some XMR given the conditions in the green accumulation zone I have set just for a longer pull. More upwards then downwards on this play which is a good habit of learning to trade into.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like. It really helps out :D
~Xander
Note
If we have a bullish candle next through the resistance, I am personally looking to accumulate.Trade active
We are currently in my personal accumulation triangle, if this holds it could play out into the ascending triangle nicely. However any btc dips could kill it.Note
News of hard fork being pushed back could negatively affect it.
Disclaimer
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