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Throwback

Monero on a typical throwbackTrend line A was busted to the upside and price reached the previous high to find a wall of sellers. There was some buying interest added to the market on the break, but not a ton of momentum so the previous high was tested and profit-taking set in. Price is on a typical throwback to trend line A, which now should act as support (or an area of buying interest). Original buyers and people that did not buy the first break will likely get in on a test of trend line suppo rt. May need to re-evaluate indicators once price drops to trend line support, but a buy between $90 and $100 looks good for a long-term hold. For trading purposes, we recommend a wait for a drop to support or a break of the higher longer-term trend line Any questions let me know.
BITFINEX:XMRUSD
by CryptoMarket360
1
EurUsd: A throwback with 1.11118 as an objective?Yestarday's rally seemed to be a fake hope for the bulls, as the EurUsd failed to close above its EMAs, and its Old trend, drawn in Orange. The Major resistance consists of its EMAs, its 1.12239 resistance level, and its Orange trend line. Unless the major resistance is clearly cut, the current movement suggests the past couple of days to be the triangle's throwback. In this case the target is around 1.10284, with 1.11118 as a primary objective, a support level it has reached few days ago. A clear cut through the major resistance area, will send it back to a bullish market with 1.13373 as an objective, and 1.12604 as a primary objective. The daily Pivot Point is around 1.12299. The daily support levels are around 1.11639 and 1.10986. The daily resistance levels are around 1.12952 and 1.13612.
by ACTIV8X
1