Good Morning CryptoPubbers! Lets celebrate this day of small correction with some XMR Farmhouse Saison!

Relatively flat over a 24 hour period with a little down in Bitcoin which is -.5% to about 6700. Trade volume across the board is down as BTC is on top and has only half the trade volume it did yesterday. Ethereum Classic is the lone green spot on my ticker up a half point and Monero is presently the biggest bargain down 5%. ELF and 0X are neck and neck in the Clown race with Lumens bringing up the rear down 5% since this time yesterday.

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Monero has been a puzzler lately as trade volume has come in spurts and dead zones while price has stayed flat. The 3-hour chart is showing a nice bullish stochastic diversion at the bottom of the stoch so I like to loot to the 6 hour to see where things will go a little longer term. We see the price consolidation and the building of support around the $120 area in a slightly descending wedge. The MACD seems to be bouncing along and we will have to see if some increased buy volume will happen again as the longer the consolidation, the harder the breakout. Barring any silliness, I give the edge to an upward breakout and challenging of the resistance lines that seem to be consolidating as the Bollinger squeezes in.

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Looking at the 12-hour BTC chart, we are seeing some nice lingering on overbought, a strong MACD cross, and average trade volume over the last week. The Bollinger Bands are squeezing in as we approach the resistance line of the downward channel that started around May 4th. The 24-hour chart shows plenty of room to grow on the STOCH and a weak cross of the MACD which may spell a delayed pump. To be safe, and try and goad BTC into defying me, I am going to call for a bounce off the channel resistance line and have set a nice safe limit order in case the 12-hour STOCH corrects back down to oversold.

Coins deciding to hump rather than correct include:

• ODEM (ODE) - Education and Certification block chain! - https://odem.io/ https://www.tradingview.com/symbols/ODEBTC/
• Emercoin (EMC) - Bitcoin but better with internet services like DNS - https://emercoin.com/en https://www.tradingview.com/symbols/EMCBTC/
• CashBet (CBC) - Online gaming currency set to make @whatageek happy - https://coin.cashbet.com/ https://bittrex.com/Market/Index?MarketName=BTC-CBC

Personal Trading Strategy today - Shift some ETC to Monero, revisit limit buys and sells on HODL coins, get our the red cape to taunt the bulls.

Source: cryptoloveyoutube

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