XMR - Monero / BTC Showing Signs of Life - Part 3
Friday 8th April 2022
Monertopia kicks off this week
Monero has been moving higher
Monero punched through the Upper Orange Bollinger Band, last month on the 7th.
She has broken out of the yellow triangle I drew, on a strong looking TD 7 green candle.
But previous to that, she has not gone passed it since 19th April to 20th May 2021, 1 year ago.
The most recent high's of 0.005398 in 17th January 2022. This will act as resistance, which I have drawn as the solid red line, as well as the TD resistance pink dots just above at 0.006218
If we can surpass to most recent high of 0.005398, and close above, this will be a strong sign for Monero going forward in my opinion.
On the weekly, we should have another two weeks of upward price action if the TD count is to be perfected.
MACD has been bright green for 4 weeks
Money flow is still rising green, but has not crossed the zero line as yet, sitting at -0.091221
Volume and Price Oscillator is not overcooked yet, still in the light orange zone, when it hits the dark orange zone, it will be time to get cautious and take some profits. Let's see if the indicator triggers a sell signal
Let's see where it goes you privacy freaks!
Giddy up!
Monertopia kicks off this week
Monero has been moving higher
Monero punched through the Upper Orange Bollinger Band, last month on the 7th.
She has broken out of the yellow triangle I drew, on a strong looking TD 7 green candle.
But previous to that, she has not gone passed it since 19th April to 20th May 2021, 1 year ago.
The most recent high's of 0.005398 in 17th January 2022. This will act as resistance, which I have drawn as the solid red line, as well as the TD resistance pink dots just above at 0.006218
If we can surpass to most recent high of 0.005398, and close above, this will be a strong sign for Monero going forward in my opinion.
On the weekly, we should have another two weeks of upward price action if the TD count is to be perfected.
MACD has been bright green for 4 weeks
Money flow is still rising green, but has not crossed the zero line as yet, sitting at -0.091221
Volume and Price Oscillator is not overcooked yet, still in the light orange zone, when it hits the dark orange zone, it will be time to get cautious and take some profits. Let's see if the indicator triggers a sell signal
Let's see where it goes you privacy freaks!
Giddy up!
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