Privacy coins seems to be picking up in popularity again - they all seem to be getting ready to make a major move. XMR included, lots of volume. If like me you're more interested in maximising the returns, then I tend to focus on the smaller projects.
On the daily dollar chart above following a 6-month consolidation period we can see price action has broken the 3-day chart 50-day moving average. This moving average is shown here as a 150-day moving average (blue line) Confused?! Think of it as using a microscope on smaller time frames. It is particular useful when you identify the 21-day crossing it, as price action has just done. Furthermore price action has just confirmed support on the 20-week moving average. Not something we've seen since June 2019.
Daily BTC chart below showing strong divergence.
On the weekly chart:
1) price action breaks trend line acting as resistance since January 2019
2) Support on 20-week
On the daily dollar chart above following a 6-month consolidation period we can see price action has broken the 3-day chart 50-day moving average. This moving average is shown here as a 150-day moving average (blue line) Confused?! Think of it as using a microscope on smaller time frames. It is particular useful when you identify the 21-day crossing it, as price action has just done. Furthermore price action has just confirmed support on the 20-week moving average. Not something we've seen since June 2019.
Daily BTC chart below showing strong divergence.
On the weekly chart:
1) price action breaks trend line acting as resistance since January 2019
2) Support on 20-week
BTC
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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
Huge volume now flowing in, don't know why. Price action breaks through the 200-day moving average. Seems this uptrend is just getting started.