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DrJLT
٢٣ كانون الأول ديسمبر ٢٠١٧ ٢٢:٢٧
XMRUSD 2017 annual review & caution ahead
BITFINEX:XMRUSD
Monero / Dollar
Bitfinex
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٢٣ كانون الأول ديسمبر ٢٠١٧ ٢٢:٢٧
As the chart shows, in 2017 we've had several rounds of rallies:
All started with the weekly EMA crossing the monthly EMA.
All ended with a long-tailed pin bar that closed under the weekly EMA.
All retraced to .382 levels.
All accompanied by volume movements.
Today:
We just had a long-tailed pin bar that closed under the weekly EMA.
We haven't really retraced to .382 levels.
Volume is much lower today.
This recovery therefore may be short-lived.
Check out my website:
jlteng.com
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