XMRUSD Burnout Push
Updated
XMRUSD using the lasts of its jet fuel to push $85
Descending volume + ascending triangle = down
1H Stoch making its way to the bottom will probably pull price with it
Descending volume + ascending triangle = down
1H Stoch making its way to the bottom will probably pull price with it
Note
1DTarget: 200D EMA @ 70 + 50D EMA&MA @ 67
If it bounces there parabola stays intact for move to $150 (previous ATH)
Note
See related for main analysisNote
Pushed higher with unanticipated force - primarily suspect to the correlation between ethereum which as shown was forming a ascending wedge (not triangle) which it was pushing up out of.Shown clearer on ehtereum are
A) Hitting horizontal resistance of ascending wedge
B) Break upward
C) Evident consolidation on top of resistancee turned support
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