Hello Viewers, good weekend.
As we have already seen the big moves of the altcoins, next turn can be $bitcoin and other majors to move. Well Fundamentals owned Major Currency Monero , is forming a Ascending triangle , currently holding at the support of 100MA, 2 Fib Lines & a major trend determining horizontal support.
Breakout is possible at the resistance of the Triangle.
According to MACD the Moving Averages have already bounced at the neutral Zone three times encircled by the brush on the chart.
As long as we hold the diagonal support the entry is itself.
Where as S/L is just below the triangle as to give breath to the trade.
If we turn S/R flip at the &100 next rally is expected to penetrate through resistances like butter.
If you Liked the Analysis please support by hitting 👍 and join our Community You&I by following us. Thankyou.
Enjoy!
As we have already seen the big moves of the altcoins, next turn can be $bitcoin and other majors to move. Well Fundamentals owned Major Currency Monero , is forming a Ascending triangle , currently holding at the support of 100MA, 2 Fib Lines & a major trend determining horizontal support.
Breakout is possible at the resistance of the Triangle.
According to MACD the Moving Averages have already bounced at the neutral Zone three times encircled by the brush on the chart.
As long as we hold the diagonal support the entry is itself.
Where as S/L is just below the triangle as to give breath to the trade.
If we turn S/R flip at the &100 next rally is expected to penetrate through resistances like butter.
If you Liked the Analysis please support by hitting 👍 and join our Community You&I by following us. Thankyou.
Enjoy!