XMRBTC Inverse Head and Shoulders

23 sept 2016

XMR appears to have formed an inverse head and shoulders after it's multi-week consolidation from all-time highs, which signals that the bottom has been found, and a retest of the all-time high is possible. If .0265 is broken, the head and shoulders pattern will be invalidated (and form a lower low), so that's a good place to set your stops. Otherwise, hold for a retest of the all-time high, and partially exit your positions there, and wait to see if it breaks.

23 sept 2016

Nota

Edit: The .0265 in the above was a typo, .0165 was (obviously) intended.