Opportunity for XMR breakout

18 thg 6, 2017

BTC/XMR has been moving around the .02 level with several instances of resistance. After a strong move up and through, a quick turnaround brought it back down into trend where it has squeezed upwards to retest the .02 level. After a stable push through .02 and a small selling round that couldnt push it below new found support, it appears XMR is ready to make a move upwards and test some highs. Lagging line and price breaking out of the cloud range along with a bounce on the new support gives a bullish sentiment.