Potential XMR trading Opportunities
Right now I think XMR lacks the support to push past 140. It's bounced to 130 a few times recently. I think loss of buying interest will push it down for a good day trade opportunity in the $126-128 range as XMR makes one last spurt up to ~$131-132. I think an intraday trader could look for a solid buy-in range around the $119-124 range marked on the chart.
Right now the RSI is low and Bollinger band relatively high so a more risk-willing day traders might take that opportunity but I'm personally going to wait an hour or so and see.
Right now the RSI is low and Bollinger band relatively high so a more risk-willing day traders might take that opportunity but I'm personally going to wait an hour or so and see.
Catatan
Low volume at 135, confirming soon downward trendCatatan
Increasing volume and pretty consistent 12 hour sell off, going for a day trade around 134-139 (perhaps based more on an itchy finger than good reason), but given this is a relatively non volatile crypto, the risk is lower than a lot of other choices. There is also heavy resistance around 130 so my earlier thoughts might be invalidated from this (if it does break it I still think 126 is a great buy in for a quick day trade)Catatan
The day candlestick is more red than most for the past year (save for about 10). The most significant outlier would be the February 6 selloff. Very few times in the last year has a selloff of 6% or so no been followed with a positive day when looking at the day chart. RSI is pretty low on hour, 4 hr, and day charts as well. To clarify, there are instance where it'll fall 6 percent and retrace the same day (Dec 11-17 for example) is mostly all red but the range is still small. Going to pray to the rulers of probability and get a buy-in here, feb 9 is the only exception I personally spotted to this rule, where feb 10th was also lowerCatatan
Hit 139 price target, solid day trade
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