Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish.
This is the weekly timeframe for XMRBTC (Monero vs Bitcoin).
Notice the triangle, the upper down-trendline has been broken.
XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe.
The RSI is also really strong while trending higher.
The trading volume is stil low...
But as the chart is bullish, this is a continuation signal rather than a bearish one.
A 90%+ target easily accessible on the chart.
Thanks again.
If you read through all the articles you are a genius...
Namaste.
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