Monero XMRBTC - Short Term Inverse Head & Shoulders
Watch for a break above the neckline.
The RSI and Stochastic RSI seem to be low enough to allow for a breakout pretty soon & it's already flirting with the neckline.
And as always watch what BTC does because that usually trumps anything else (I wish I could add this as a disclaimer to every idea! :)
The RSI and Stochastic RSI seem to be low enough to allow for a breakout pretty soon & it's already flirting with the neckline.
And as always watch what BTC does because that usually trumps anything else (I wish I could add this as a disclaimer to every idea! :)
Be wary of a Head & Shoulders forming from this - I already see a left shoulder, head & neckline. Might bring us to below 0.017 if it plays out. However I'm still bullish medium term - I feel like it still wants to hit a new ATH soon. Will probably coincide with some kind of BTC stall/retrace.