Stealthy Monero Breakout

20 gru 2017

While everyone was focused on the BTC crash / BCH moon last night, most coins took major dumps. However, there were a couple major coins that held their own and actually increased in terms of BTC. MONERO was one of them. Looking more closely, we can see that xmr has quietly passed the resistance set earlier in the month by its head-fake breakout. If the move continues, the next resistance could be met at about 0.026 where a 38.2% fib retracement and possible channel top converge. Onward through this, and the next stop would be just below 0.03. Daily MACD is positive with room to run, and keep an eye on a possible breakout of the pennant in the RSI.

I am planning to slowly accumulate on any dips from here on out.

20 gru 2017

Zlecenie aktywne

approaching first possible resistance...

20 gru 2017

Zlecenie aktywne

it appears we are through on decent volume... onwards to 0.029-0.030

20 gru 2017

Zlecenie aktywne

after a small pull pennant it appears that monero is ready to continue

breakout on daily RSI could be very significant

2 sty 2018

Zlecenie aktywne

9 sty 2018

Zlecenie aktywne

3 mar 2018

Zlecenie aktywne

still following the channel! breakout on daily RSI, although it is close to overbought. MACD turning upwards. shorter term showing hidden bullish divergence indicating trend continuation.

3 mar 2018

Uwaga

looking at the USD price, we can see some more reasons for this move