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XMR Triple Bottom & Breakout!

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Monero looks like it is about to complete a triple bottom on the hourly timeframe.

MACD is curling upward and I'm expecting a bullish crossover.

RSI is not overbought.

On the larger timeframe, this would be confirmation of a much larger bullish pennant breakout which could actually complete a mega-cup & handle formation.

Target: On the hourly is $297 which would complete the triple bottom and then $340 at which there will be major resistance.

If it breaches $340 from below and then finds support at that level, we are headed to the moon.

Watch Fib levels and the supply/demand zones indicated with green rectangles. These will be levels you want to take profits if making short trades. Otherwise, if the triple bottom plays out I think this one is a good long-term trade.

NFA.
노트
Welp that didn't work out.

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