XMR Symmetrical Triangle Pattern

20 thg 9, 2017

Watching for a breakout from a Symmetrical Triangle Pattern on the hourly chart, could indicate price movement direction. TD Sequential shows the end of a 1-4 bearish pullback on the 4H chart indicating a buy opportunity, although the daily chart signifies day 2 of bearish downtrend after a recent bearish 9 count. Upper target is above $120 and lower target is $72.

22 thg 9, 2017

Ghi chú

Price movement broke out of the bottom signalling bearish movement. So far we have reached half way to the estimated low, with the TDSequential showing day 4 of a possible 9 count which could even take us below $72. Most of the crypto markets seem to be closely following BTC at the moment rather than providing an opportunity to avoid this current volatility.