MONERO - uptrend channel, bullish divergence

in cryptocurrency •  6 years ago 

Hi my friends, here is Monero weekly chart.

I see nice uptrend channel and price currently on the bottom of the channel.

xmrbtc W 30.5.2018.jpg

Daily chart:

xmrbtc d 30.5.2018.png

On daily chart is descending wege. Currently price is on the bottom uptrend channel (0.382 fib). CMF indicator showing bullish divergence .

4h chart :

xmrbtc 4h 30.5.2018.png

Both indicators showing bullish divergence + MACD bullish crossing

Majkee

(I am sorry for my English)

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6 years ago by

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      ·  6 years ago 

    Nice analysis

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      ·  6 years ago 

    @microbox thank you for your support

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