XMR ANALYSIS:
XMR setup looks very similar to many other major alts, and unfortunately the buy volume still isn’t there to keep the price afloat. XMR had a relief rally hitting over 40, but was then rejected again cutting below and making no temporary support along the way. I expect a slow push to the new resistance, followed by a rejection further down to major support. Wait until a confirmed rejection at/near $36 before opening shorts. Short targets are T1 at $30.60, T2 at $29.30, and T3 at $27.86. I believe XMR buy volume will really step in when XMR hits this low. It would also confirm a nice double bottom and produce a potential bullish divergence.
Short Entries: $36-38
XMR setup looks very similar to many other major alts, and unfortunately the buy volume still isn’t there to keep the price afloat. XMR had a relief rally hitting over 40, but was then rejected again cutting below and making no temporary support along the way. I expect a slow push to the new resistance, followed by a rejection further down to major support. Wait until a confirmed rejection at/near $36 before opening shorts. Short targets are T1 at $30.60, T2 at $29.30, and T3 at $27.86. I believe XMR buy volume will really step in when XMR hits this low. It would also confirm a nice double bottom and produce a potential bullish divergence.
Short Entries: $36-38
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.