XMR ANALYSIS (LONG OPPORTUNITY INCOMING)

Jan 17, 2020

XMR/BTC ANALYSIS

XMR has bounced strongly off the double bottom inside support making this a clear breakout. XMR is showing a small bearish divergence after the recent 2 tops, therefore I expect a small correction down to the 200 MA and possibly dip below into the 7000-7200 sat area. Keep in Mind 200 MA is at 7250 sats about. These are points are key entries to stagger bids in. I expect a further wave back UP after this following the targets at T1 of 7800. Followed by T2 at 8210 sats, and T3 at 8490 sats. The volume has been extreme on the buy end, this final wave should crack the three targets and have a downward trend after. Therefore I do highly recommend taking profit at these levels!

Possible Entires: 7100-7300 sats