XMR Developing Bull [Requires Confirmation]
Diupdate
There are core scenarios: one option is a repeat of 2018-03-19. With a similar indicator layout, the price dropped from the 208 USD fib level down to the full retrace at 160 USD. However, the setup has minor, yet relevant differences. Back in March, Ichimoku had not a chance of looking bullish. Today the price is inside the cloud and the trend lines still have room to wiggle around. Likewise, the moving average barely slowed down, while today the slope is much milder, with less volume.
Overall, if XMR manages to hold around the 208 USD level instead of dropping for a 160 retest, I would place the first target at 280 USD, which seems to have a lot of resistance, to finally get to 330 USD within 2 weeks. This, of course, as long as we don't get the repeat from March. Watch out for general market movements and for indicators maintaining their bullish turnaround.
Overall, if XMR manages to hold around the 208 USD level instead of dropping for a 160 retest, I would place the first target at 280 USD, which seems to have a lot of resistance, to finally get to 330 USD within 2 weeks. This, of course, as long as we don't get the repeat from March. Watch out for general market movements and for indicators maintaining their bullish turnaround.
Catatan
Indicators are in our favor. After some sideways movement the bullish move seems more likely now.Catatan
I was busy the last few days, but it looks like crypto took a red turn as a whole. XMR support lies at 160 like previously stated.Catatan
Hello 160 and we got a repeat from a few months ago. I think 160 has to hold, otherwise the next price node is at 80, which is tied to Bitcoin retracing to 4000.Catatan
Visited 160 and the previous lows of 150. I hardly doubt that it will break this level downwards. Such movements would, if it happened, be triggered by a general market retrace to BTC's 4k-5k level. I'd strongly consider buying now.Catatan
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