To find the bottom for xmr its best to switch back to higher timeframes. 3day has been working best for me but weekly is also fine.
As correction of the impulse wave there is a possible parallel channel down (from 3day chart). 1.618 Level was the first support which was broken and ended in another sell-off. Current support was found at the old all time high bottom here is not confirmed. On channel breakout out up expect major resistance at 0.0156
Horizontal support is likely to be found at the fib levels from old all time high to all time low. Most important horizontal levels are 0.01 and 0.00438. Also watching the green trendlines from old trends.
Being patient with new long entry til bottom is confirmed or heavy oversold on high timeframes.
Komen
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I dont trust this little pump yet I dont see a great risk reward for longs here but watching closely
Those who longed the breakout made a really good trade. Unfortunately i missed that trade. I am not really sure how this plays out, but it looks like there could be a little correction over the next days which could allow another long entry.
Dagangan aktif
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consolidation above 0.01 is bullish, enter long
Komen
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out while btc pumping
Dagangan aktif
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see
Komen
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after taking profit in the 0.014-15 its now time to look back on the weekly chart because this seems to break down and target lower support near 0.004. this is invalidated on breakout of the teal trendline. good to be on sideline here again.
Komen
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too lazy to make a new idea yet, also the fib levels from the alltime chart are still working :) took back a small position in xmr. keeping an eye on the ma50 on the daily chart
Komen
Edgar.C.Aboboreira
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Great! Now we can expect 0.0045~50?
koryu
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I expect some support at 0.0056-0.0060 from the old trendline, if it doesnt i see next supports at 0.0044 and 0.0030.
Edgar.C.Aboboreira
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I think this little pump is only a correction... Reading the market depht is possible to see 0.007 in few weeks. With the Bitcoin high XRM will back to the main downtrend i think...