XMR - Monero / BTC Showing Signs of Life - Part 4
Monday 11th April 2022
Welcome privacy advocates. Monero Champions
It has been a consolidatory sideways weekend for BTC, but a great weekend for Monero in terms of BTC price.
On the 2 day chart we are at a green TD 8 count.
We have green TD count up dots below all bars and achieved a qualifier "Q" bar on the TD 7
7 and 8 wicked up to just below the 1.272 fib extension of 0.005814
With 1 day and 17 ours to go on the 8 and 2 full days for the 9 to perfect, we could see price continue to more up towards the 0.006035 area, at the 1.414 fib extension
All MA's are below the price now, 33, 88 and 147 day.
Tenkin is still above Kenjun line
Price is well above the Tenkin line
Volume is looking good.
The top of the Ichimoku Cloud is sitting at 0.004958
33 and 88 day MA's are curling up into the cloud
If we see price pull back, between the 33 day and 147 day MA's look good, 0.004456 - 0.004913
Money flow is still green, but has not crossed the zero line. It should cross positive once this candle has closed out. Which where, historically, it has reverted back and flipped negative again, traders taking profits back into BTC.
Squeeze momentum has been strong, staying green for quite sometime now. It faded to a dark green, an over the last 6 days has gained strength going bright green and rising strongly. The previous high in squeeze momentum was on the 15th January where price hit 0.005384.
On the second Bad Ass Bollinger Band chart I will link to this, TD resistance dots are sitting at 0.0061
Money flow has flattened and the price volume oscillator is still not in overcooked territory, and still rising sharply.
There will more than likely be a pullback between current price of 0.005700 and 0.0061
Let's see where it goes privacy freaks! 1 CPU, 1 vote1! Random X's all the way!
Welcome privacy advocates. Monero Champions
It has been a consolidatory sideways weekend for BTC, but a great weekend for Monero in terms of BTC price.
On the 2 day chart we are at a green TD 8 count.
We have green TD count up dots below all bars and achieved a qualifier "Q" bar on the TD 7
7 and 8 wicked up to just below the 1.272 fib extension of 0.005814
With 1 day and 17 ours to go on the 8 and 2 full days for the 9 to perfect, we could see price continue to more up towards the 0.006035 area, at the 1.414 fib extension
All MA's are below the price now, 33, 88 and 147 day.
Tenkin is still above Kenjun line
Price is well above the Tenkin line
Volume is looking good.
The top of the Ichimoku Cloud is sitting at 0.004958
33 and 88 day MA's are curling up into the cloud
If we see price pull back, between the 33 day and 147 day MA's look good, 0.004456 - 0.004913
Money flow is still green, but has not crossed the zero line. It should cross positive once this candle has closed out. Which where, historically, it has reverted back and flipped negative again, traders taking profits back into BTC.
Squeeze momentum has been strong, staying green for quite sometime now. It faded to a dark green, an over the last 6 days has gained strength going bright green and rising strongly. The previous high in squeeze momentum was on the 15th January where price hit 0.005384.
On the second Bad Ass Bollinger Band chart I will link to this, TD resistance dots are sitting at 0.0061
Money flow has flattened and the price volume oscillator is still not in overcooked territory, and still rising sharply.
There will more than likely be a pullback between current price of 0.005700 and 0.0061
Let's see where it goes privacy freaks! 1 CPU, 1 vote1! Random X's all the way!
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