XMRBTC had a dip below the Trend Line last few days but bounced off from the 0.0275 support line and returned to the bullish bias.
Today the pair showed sustained upward momentum (stands out among most of coins) accompanied by high volumes, which is a positive sign for bulls.
So, the bullish tendency of bounces from the Trend Line remains. From the upside, the 23.6% Fibonacci zone, which contains 0.03 psychological level, will act as a resistance.
From the downside, Trend lines will play as a support.
Today the pair showed sustained upward momentum (stands out among most of coins) accompanied by high volumes, which is a positive sign for bulls.
So, the bullish tendency of bounces from the Trend Line remains. From the upside, the 23.6% Fibonacci zone, which contains 0.03 psychological level, will act as a resistance.
From the downside, Trend lines will play as a support.
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