Monero is building a big symmetrical triangle. We've just had a bullish cross on the MACD, Stoch is oversold, a volume steady. Waiting on a Chikou span cross, RSI above 50, and close above trigger to confirm another bull run.
PM me for entries, targets, and custom charts.
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There's a chance the symmetrical triangle was in fact a pennant, which is better news.
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It's almost time
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Making moves
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Strong buy pressure at the moment. Just look at the orderbook.
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Waiting on a bullish Chikou and MACD cross.
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Chikou has made a bullish cross on the 4h chart. Waiting on MACD
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They ain't even ready for us. They haven't set up their defenses.
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Looking to build support upon previous resistance
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Perhaps here instead
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Support found, mini consolidation done. Stoch oversold, RSI still strong. Should be time for another run soon
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152 XMR sell wall @ 0.0190. Cute.
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Chewed through the sell wall in about 15 seconds. Next target is the 762 XMR sell wall @ 0.02. Let's gooooo!
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Stoch oversold. RSI still strong. Time for another run...
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Testing resistance and upper trend line of the pennant
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Triggered
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3000 XMR sell wall just appeared @0.020149. Bears in full force.
Finally. Was waiting on this one for too long now :)
What is your target?
Brisben
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@wbotman, Haha patience is key my friend. Now now. A gentleman never talks about his targets in public ;)
dakkadakkadakka
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@Brisben, I don't see why not. Targets and SL are all part of the game. I'd say .026 but I may be very low with that one.
Brisben
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@wbotman, Yes they are, but I'm not giving away all that info for free. But your target sounds nice, for mid term :)
dakkadakkadakka
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@Brisben, haha alright. Buckle up then, see you on the moon ;)
UnknownUnicorn1539772
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TBH I don't understand why the exchange rate between USD<->BTC<-> XMR doesn't matter. Because if one'd chart XMR USD there wont be a triangle at all.
May you enlighten me?
Brisben
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@dklug8, If you are trading with USD then it matters, for sure. But I'm trading with BTC and so XMR <--> USD price doesn't mean much to me. So all time high is 208 USD at the moment, but it might be 250 next week. That price is basically just the representation of the fluctuations between XMR and BTC. Hope that makes sense...
UnknownUnicorn1539772
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@Brisben, Well, I'm still a newb, when it comes to trading, but just following my logic. This would be the same as if you look at a chart that shows Microsoft:Apple Stock, but both have their own price fixed in FIAT. Same is true for XMR and BTC, since both might be bought directly with FIAT currencies. Sorry for bothering you with my lack of knowledge.
Brisben
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@dklug8, It's fine dude. Only one way to learn ;)
Judas_Goldrich
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any guesses where are we going after we break out? $250? $350?
What is your target?