Hello traders!
A few weeks ago we talked about the analysis of Monomer XMR / BTC.
Today we will check how it is right now and what are the expectations for the next days or weeks, go to the chart!
Well, moving away a little far on the daily chart we can see the area that I warned a few weeks after the break that coincided with important news had a great pancadão up reaching a high of 330%!
After the break the price did not rise all that in one day we had a correction in the medium to the region of 640k and then the activation of a purchase Setup 9.3 after that the price continued firm and currently lies stretched, that is, better to wait for correction, the more as there is no crossing of averages it follows in a strong uptrend.
The weekly chart you can see that all this high occurred in almost one week thus leaving a giant elephant bar in the chart, when something like this happens, half the bar now becomes a support, which we see represented the region of 0.5 of fibo and you can also try to predict what the next region that the price may come to look for that measure the size of the bar and designed a level, thus arriving at around 0:03
In intraday chart (4H) you can see the beautiful uptrend, when the price goes testing resistance, for the more adventurous, to think of buying is to wait at least confirmation of breaking up,
when the price is undecided, so it is best to stay out.
