Eyes on long-term XMR
Updated
Both USD and BTC price reaching areas of possible reversal on long-term weekly charts. Posed for potential breakouts at the bottoms of downwards wedges in both charts. Bullish divergence has appeared for the last two lows on both MACDs. RSI is not showing bullish divergence but has recently touched and rebounded slightly from oversold areas, also posed to breakout through resistance in downwards wedge formations.
A corrective bounce to either of the last fib lines suggest possible XMRBTC targets of 0.016 (+20%) and 0.020 (+50%), with possible XMRUSD target of $130 (+245%).
A corrective bounce to either of the last fib lines suggest possible XMRBTC targets of 0.016 (+20%) and 0.020 (+50%), with possible XMRUSD target of $130 (+245%).
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