What's up guys !
I'm looking at Monero again , using my previous approach which yielded profit for me based on my trading style
Price is in an overall uptrend from the bigger timeframe and seems to be making higher highs
Price is currently approaching a resistance zone which could be respected or broken upwards but before then we can still scalp a little profit if and only if it breaks the 4h red trend line upwards indicated and makes higher highs , if you're a conservative trader you should overlook this as I don't suggest buying around the resistance zone
Presence of divergence too to support as a confluence
I'm also on the lookout to see if it breaks over the resistance zone ,then watch the bulls take it to the upper green trend line to continue the pattern on the bigger timeframe
what do you guys feel ?
I'm looking at Monero again , using my previous approach which yielded profit for me based on my trading style
Price is in an overall uptrend from the bigger timeframe and seems to be making higher highs
Price is currently approaching a resistance zone which could be respected or broken upwards but before then we can still scalp a little profit if and only if it breaks the 4h red trend line upwards indicated and makes higher highs , if you're a conservative trader you should overlook this as I don't suggest buying around the resistance zone
Presence of divergence too to support as a confluence
I'm also on the lookout to see if it breaks over the resistance zone ,then watch the bulls take it to the upper green trend line to continue the pattern on the bigger timeframe
what do you guys feel ?