BTC mining rewards halving is in a +/- 69 days. If we break $9000 today, and close above it, I bet we're off to the races. Further explanation is in the chart.
After a fake-out to the downside, XEMBTC has broke above this ascending triangle, and entered the Ichimoku Cloud with momentum and volume.
I am long since 1310, aiming for 1580, stop loss 15 satoshi's below the last low of 1235.
If we close this week above the Falling Wedge resistance line, we might see a trend reversal for XMRUSD, and the target of our Falling Wedge breakout pattern would be taking the privacy focused cryptocurrency back to the lower 400s. The hammer candle that formed 2 weeks ago touched the $80 support area (blue box), that was formed in September/October 2017. As we...
