Updated
Monero Ascending Channel (Bullish Potential)
Monero (XMRBTC) is trading within an ascending channel and is showing a pretty simple and basic set up.
Now that the lower end of the channel has been touched, you can expect a bounce from current price level.
If XMRBTC is to drop lower, support can be found on the next fib. level.
All details can be seen on the chart.
Take a quick look at our Monero (XRMBTC) Full Active Trade:
](https://s3.tradingview.com/4/4gIXVobS_mid.png)
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Now that the lower end of the channel has been touched, you can expect a bounce from current price level.
If XMRBTC is to drop lower, support can be found on the next fib. level.
All details can be seen on the chart.
Take a quick look at our Monero (XRMBTC) Full Active Trade:
Feel free to hit like to show your support.
Thanks a lot for reading.
Namaste.
Note
The ascending has been taken out and XMRBTC is now trading at support.Here is the chart:
- The divergence is showing up on both indicators now, RSI and MACD.
- It can still go lower as most altcoins are hitting long term support or new lows.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 The difference between poor weak signals & PREMIUM trade-numbers lies in results. Stand apart from the crowd. #1 Since 2017. Join now 👉 t.me/lamatrades/4
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
🎯 LIFETIME Results: t.me/anandatrades/1183
(Click & Claim Your FREE Pizza! 🍕)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.