To find the bottom for xmr its best to switch back to higher timeframes. 3day has been working best for me but weekly is also fine.
As correction of the impulse wave there is a possible parallel channel down (from 3day chart).
1.618 Level was the first support which was broken and ended in another sell-off.
Current support was found at the old all time high bottom here is not confirmed.
On channel breakout out up expect major resistance at 0.0156
Horizontal support is likely to be found at the fib levels from old all time high to all time low. Most important horizontal levels are 0.01 and 0.00438. Also watching the green trendlines from old trends.
Being patient with new long entry til bottom is confirmed or heavy oversold on high timeframes.
As correction of the impulse wave there is a possible parallel channel down (from 3day chart).
1.618 Level was the first support which was broken and ended in another sell-off.
Current support was found at the old all time high bottom here is not confirmed.
On channel breakout out up expect major resistance at 0.0156
Horizontal support is likely to be found at the fib levels from old all time high to all time low. Most important horizontal levels are 0.01 and 0.00438. Also watching the green trendlines from old trends.
Being patient with new long entry til bottom is confirmed or heavy oversold on high timeframes.
הערה
I dont trust this little pump yet I dont see a great risk reward for longs here but watching closelyהערה
xmr looks really interesting again, watching closelyעסקה פעילה
consolidation above 0.01 is bullish, enter longהערה
out while btc pumpingפרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.