XMR on a nice wiggling climb!
Updated
XMR has recently had a bit of a correction on its absolutely massive price increase and has reached another wave bottom. There was very strong support at 145, the price bounced back and it would appear that the momentum has turned back to the upside. We're at the beginning over another wave in this absolutely ginormous flag formation starting from the initial launch into the stratosphere.
Green lines are max price targets, blue support shelves on the way up. If you are paying enough attention I am very sure it would be easy to buy & sell the peaks and dips. Each wave is about a day long so the window should not be too crazy hard to catch.
The TSI and RSI are indicating that this is a pretty real move, but we'll have to see how things play out. I know we have all been surprised before!
Green lines are max price targets, blue support shelves on the way up. If you are paying enough attention I am very sure it would be easy to buy & sell the peaks and dips. Each wave is about a day long so the window should not be too crazy hard to catch.
The TSI and RSI are indicating that this is a pretty real move, but we'll have to see how things play out. I know we have all been surprised before!
Trade active
As always, I somehow manage to predict accurately, but before a swing the wrong way. My entry game needs a little work but at least I am getting it pretty close in the end. XMR popped back up over 170, formed a nice little flag formation and looks to be continuing upwards with a nice head of steam. Going to stay in this one for the time being until we start to see it falter a bit. If it falls below 165 we should start worrying.
Happy trading!
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.