Looking for XMRXBT to spend about a week in the buy zone.
I just noticed the RSI isn't visible on this graph, but if you take a look, you'll notice the RSI is lower than it was the last two times price visited these areas, and the potential for bullish divergence if price does not make a new low along with the RSI.
XMR's next meteoric rise might be realized as BTC pulls back in the short-term future, seen as either a healthy correction or perhaps more than that (spooky fork-related FUD goes here). Money pulled out of a correcting BTC may find refuge in alts like XMR, but this is not guaranteed.
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.