XMR/BTC already tested the downtrend

2018年1月8日

After dipping, XMR is again close to breaking through the downtrend.
On 1h candles, we can see the formation of a bullish flag-indicator.
After breaking through the downtrend, we can see supports at 0.0261 and 0.027 and 0.03.

2018年1月8日

交易進行

XMR passed the trendline as well as the 0.0261 support.
The 0.027 was touched.

2018年1月10日

交易進行

Let's take a look at the development.
Due to the recent BTC instability we see a dip after almost reaching our first short term goal of 0.03 sats.
From th ecurrent perspective it looks like we got a hold at our 0.027 support.

If we look at the charts from a more long-term perspective, we see that XMR is in the process of breaking through the downtrend-line, created by the highs on 2017-08-26 and 2017-12-20 candles.
I'm very bullish on this trade.