Testing out a theory for a co-worker. Let's see how this plays out to ~$1200.
Hey everyone! It's been a while since I've posted a new chart. Let's see if I can keep the perfect streak going. 2017 was a bull run for the record books. 2018 begins with an overdue pullback so hopefully you took profits along the way. Good entry price @ $7,200-$7,300. Channel support, RSI & stochastic divergence, MACD, bullish harmonic, and a falling wedge...
Stochastics, MACD and falling wedge look great. Take profits around the 1st target which is the yellow channel resistance. If XMR breaks above yellow look for a possible move to the top of the blue channel. Always take profits.
The stars are aligning again for Monero. Technicals & fundamentals look great. Some new changes due out soon. Multisig Mobile wallet i2p Ledger hardware wallet Coinomi wallet Website update
Stochastics weak, rising wedge, MACD rolling over, & resistance lines up. Don't stay in too long as ETH is looking strong. Target is the box.
Exit around $1000-$1010, then set a trailing stop.
Long term XMR hodlr but short scalp opportunity in sight. Target box with tight stop above high. Stochastic collators div, possible double top, MACD rolling over, rising wedge pattern.
Stochastics, fib, long term trend, channel, and wedge lines all sync up. Not a huge fan of Ethereum but this looks like a great setup for a short term long.