XMR upward trend set to continue

16 ม.ค. 2018

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.