XMR has been performing well against BTC this year, particularly when compared to other mid cap Alt coins. It has just broken out of a rising wedge upwards which is a bullish sign. Other TA:
- Above the Kumo cloud and TK line (not shown) (Bullish)
- RSI remains with strong momentum (staying above 50) (Bullish)
- Strong bounce from the 0.02722658 level which was also on the 50 EMA (would have been a great buy opportunity but I missed it!)
- Currently testing the 1D close ATH at 0.03400000. It may pull back from here and consolidate but overall signs are bullish.
Order Level:
- ONLY if price return back to the 50 EMA to provide a decent R/R ration for Target 1
Targets:
1 - 0.03400000
2 - 0.03798000 (1.272 fib extension)
3 - 0.04097256 (1.414 fib)
4 - 0.04521680 (1.618 fib)
Stop Loss: Below strong 0.02722658 support level to avoid being stopped out.
"Luck is what happens when preparation meets opportunity" Seneca The Younger.
Not investment advice. DYOR
Comments/Suggestions always welcomed below.