As the same with Litecoin , RSI and MACD shows us uptrend movement for xmr. During the market crash, MACD never did a cross, but now we have it, so we can expect a trend reversal.
Major support for xmr - 255, 190. If 255 would fail , expect a drop to 190.
White arrow indicate the direction the price will take if we will have a trend reversal. Red arrows on the top indicate where the price can bounce back.
Buy orders should be placed - 300(riskier) , 260.
Profit goal - 475, 580, 650.
Stop - 170. (Very unlikely for it to reach this point, unless something happens to xmr or overall cryptcurrencies)
Reaching the profit goals may take a while, so you have to be patient. If you want, you can make some profit by trading where xmr is expected to bounce back, which i showed in the chart. Do so at your own risk.
If you liked my chart, be sure to follow me.
I will answer all questions as fast as i can.
Good luck trading!
Major support for xmr - 255, 190. If 255 would fail , expect a drop to 190.
White arrow indicate the direction the price will take if we will have a trend reversal. Red arrows on the top indicate where the price can bounce back.
Buy orders should be placed - 300(riskier) , 260.
Profit goal - 475, 580, 650.
Stop - 170. (Very unlikely for it to reach this point, unless something happens to xmr or overall cryptcurrencies)
Reaching the profit goals may take a while, so you have to be patient. If you want, you can make some profit by trading where xmr is expected to bounce back, which i showed in the chart. Do so at your own risk.
If you liked my chart, be sure to follow me.
I will answer all questions as fast as i can.
Good luck trading!