MONERO (XMR) Update: Head and Shoulders PatternsteemCreated with Sketch.

in bitcoin •  7 years ago  (edited)

I just saw this pattern. It probably means further correction down.

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i thought we were going to ~130?

It's expected but with needed and healthy corrections.

Took a smidgen of gains at $88. Waiting for it go higher ☺️

thanks for the update i took my profits out yesterday from the monero jump
any coins on the radar for a nice breakout?

I'm in EOS,, ETC and others

Thank you for the update @haejin. When you get a chance, what's new with steem n strat chart? Ty

No Change in steem analysis....prior blog still holds

@haejin, thank you..

  ·  7 years ago (edited)

Hi Haejin, is there any chance you can explain how you came to this decision please?
I can see the H&S, but how are you calculating the drop?
Thanks as always! (AKA - Newbie-Sanj)

Prices developed the H&S pattern and I'm acting on it and adjusting pathway of price projection.

I also thought it was going to 130..it will drop and THEN go back up to your projected 130? If so, drop to around 72? I really don't have a clue. It is like being in a casino!

It is difficult to follow with little background in TA. Please consider using the books I recommended in prior blog.

thank you so much for the update.