XMRBTC, Monero
There was a great opportunity to BUY Monero on the 18.08 and for SELL on the 27.08 as shown by the TD Setup.
Currently, there is a long bear period for Monero since the coin was heavily overbought.
I am neutral on Monero because:
- RSI has still potential to go down
- Green TD setup was interrupted
- When looking at XMRUSD the correlation with BTC is strong and negative (those periods should not take too long in the current market)
on the other side
- Monero is sitting on a 0.618 fib retracement, which gives a good probability of a bounce
- AMFI (Adjusted MFI) is getting oversold
Currently, there is a long bear period for Monero since the coin was heavily overbought.
I am neutral on Monero because:
- RSI has still potential to go down
- Green TD setup was interrupted
- When looking at XMRUSD the correlation with BTC is strong and negative (those periods should not take too long in the current market)
on the other side
- Monero is sitting on a 0.618 fib retracement, which gives a good probability of a bounce
- AMFI (Adjusted MFI) is getting oversold
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.