XMRUSD: Channel Down intact. Expecting Lower Lows. Short.

17 באוק׳ 2018

Monero delivered the expected aggressive bearish candle last week, and setting aside Monday's non-technical noise on the crypto market, the 1D Channel Down (STOCH = 32.187, MACD = -1.950) is now set and currently on a Lower High (RSI = 47.977, Highs/Lows = 0.000). 1W (MACD = -25.178, B/BP = -14.1959) is expected to push this lower towards our targets (TP = 75.792, 64.104). Crossing of the 96.192 support should result into more violent bearish candles for XMRUSD.