This post should look similar because XMRUSD is where BTCUSD was a few impulses ago. The 13 and 48 three day EMAs provide a great entry into a long position. The 100 and 200 provide great interim targets for swing traders. The longs are relatively low which is good, they have plenty of room to grow before they top out and risk a long squeeze.
The chart below shows the daily situation. We just broke through a major resistance which is, of course, very bullish. This is also the point to mention we are attempting to break out of this consolidation triangle. Very pleasing.
The weekly chart shows that we have confirmed the 13 EMA as support and we are beginning to get some price action lift off. I expect bullish crosses all over the place for XMRUSD on damn near every time frame.
The chart below shows the daily situation. We just broke through a major resistance which is, of course, very bullish. This is also the point to mention we are attempting to break out of this consolidation triangle. Very pleasing.
And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?
~Nathan Explosion
~Nathan Explosion
