Panjang

XMR upward trend set to continue

117
Quick analysis of XMR, which I consider to be a great option in these bearish times.

  • This week XMR has been trending up within the channel
  • Strong trend support (lower bound of channel) set to continue
  • Tested resistance at 31,000 sat's twice today already. If this breaks through the price will likely spike upward


In addition:
  • Volume over past day has slowly increased - likely accumulation before takeoff
  • Decreasing BBW indicating that volatility is reducing and BB Squeeze is likely
  • Cyclical increasing patterns of DMI+


Look to accumulate in the bottom half of the channel and ride the gain train.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.