XMRBTC, Monero
There was a great opportunity to BUY Monero on the 18.08 and for SELL on the 27.08 as shown by the TD Setup.
Currently, there is a long bear period for Monero since the coin was heavily overbought.
I am neutral on Monero because:
- RSI has still potential to go down
- Green TD setup was interrupted
- When looking at XMRUSD the correlation with BTC is strong and negative (those periods should not take too long in the current market)
on the other side
- Monero is sitting on a 0.618 fib retracement, which gives a good probability of a bounce
- AMFI (Adjusted MFI) is getting oversold
Currently, there is a long bear period for Monero since the coin was heavily overbought.
I am neutral on Monero because:
- RSI has still potential to go down
- Green TD setup was interrupted
- When looking at XMRUSD the correlation with BTC is strong and negative (those periods should not take too long in the current market)
on the other side
- Monero is sitting on a 0.618 fib retracement, which gives a good probability of a bounce
- AMFI (Adjusted MFI) is getting oversold
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.