Surprised by this, one of the strongest projects out there. Yet the chart is telling us something else. A breakdown of a symmetrical triangle that began in downtrend is confirmed on the 3-day chart. 3-day charts are not to be ignored. The breakdown almost happened exactly on the 80% point of the triangle, perfect. Volume is absent, RSI and Stochastic charts continue in downtrend. The projected targets are measured from height of symmetrical triangle and strong support levels, it's a long way down.
Trade active:
Scary XMR continues with a candle closing below the 200-week moving average on the weekly chart.
Trade active:
No indication yet of imminent reversal, RSI resistance continues to dominate.
Trade closed: target reached:
80% pullback to the target drawn just over 13 months ago.
Price action has landed on major support and has recently printed a massive Dragonfly DOJI candle on the 5-day chart below. Time to rotate.
Price action has landed on major support and has recently printed a massive Dragonfly DOJI candle on the 5-day chart below. Time to rotate.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR