XMRUSD , Monero is in a hurry to get up..!!

Technical analysis:
.MONERO/DOLLAR is in an up trend and resumption of up trend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
.The RSI is at 58.

Trading suggestion:
There is possibility of temporary retracement to suggested support zone (258 to 224), if so, traders can set orders based on Price Action and expect to reach short-term targets.

.Beginning of entry zone (258)
.Ending of entry zone (224)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:

(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)

Take Profits:
TP1= @ 300
TP2= @ 330
TP3= @ 409
TP4= @ 469
TP5= Free

Yorum:

Monero , A great opportunity to buy in XMRUSD. catch it !!