/biz/ - Business & Finance

>>12050581

this is a chart i did on xmr yesterday. Green line is actually a year old slight uptrend. It was broken bearish which made me sad, but I had some bids at 0.013 hoping for a double bottom and so far my bids have been filled and XMR has regained control of the green trendline.

Which is PROMISING. Really hoping that it gains support on some MA's now since its facing resistance from most of them still. Once it does, this could very well have a great rally.

>>12024657

Now where I plan to reevaluate for an entry for $XMR is between 0.0116 and 0.013. Why? Because of that purple line. That purple line is 200 moving average for the weekly chart of XMR. These MA's are very strong support and I really expect it to hold. I eyeballed that after this bearish drop the 200MA will be around the ranges that I mentioned earlier. I picked those prices because of bounces after it hit those points.

But honestly, knowing XMR, it seriously might regain control of that year long trendline and start a rally. but like I said, I'll only entry after I've confirmed my observations, otherwise its just gambling.