Long
XMR/BTC showing a textbook wyckoff accumulation
XMR/BTC seems to be in a textbook wyckoff accumulation that is close to breaking out. Monero has been flying under the radar during the past weeks while other cryptos have been rallying like crazy. The fundamentals of this coin are very solid. And now I think we will be seeing a nice rise.
Only BTC can prevent this with sharp drop or rise. So use stop-loss at all times.
The wyckoff fits almost perfectly.
i.ibb.co/SNX5Yx6/xmr-wyckoff-kkang.png
Only BTC can prevent this with sharp drop or rise. So use stop-loss at all times.
The wyckoff fits almost perfectly.
i.ibb.co/SNX5Yx6/xmr-wyckoff-kkang.png
Note
Here with Wyckoff overlayi.ibb.co/Y27PnWN/xmr-wyckoff-kkang.png
Note
It broke out nicely, as expected :)
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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.