The global pattern on XMRBTC stays bullish. The pair trades in the 23.6% - 36.8% Fibonacci zone of the global uptrend, above the 100-days EMA.
Despite the price decrease throughout the day, apparently caused by the Bitcoin upward impulse (BTCUSD went upwards today, breaking above the 10000.0 level), the bias stays bullish, as the price stays above previous day lows.
Closest support levels are local and global Angle Support lines and 0.0275 level. From the upside, the price will meet 23.6% Fibonacci level (0.0293) and 0.03 resistances.
Overall prediction on 24 hours - rebound from support levels and upward impulse.
Despite the price decrease throughout the day, apparently caused by the Bitcoin upward impulse (BTCUSD went upwards today, breaking above the 10000.0 level), the bias stays bullish, as the price stays above previous day lows.
Closest support levels are local and global Angle Support lines and 0.0275 level. From the upside, the price will meet 23.6% Fibonacci level (0.0293) and 0.03 resistances.
Overall prediction on 24 hours - rebound from support levels and upward impulse.
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