XMR upward trend set to continue
Quick analysis of XMR, which I consider to be a great option in these bearish times.
In addition:
Look to accumulate in the bottom half of the channel and ride the gain train.
- This week XMR has been trending up within the channel
- Strong trend support (lower bound of channel) set to continue
- Tested resistance at 31,000 sat's twice today already. If this breaks through the price will likely spike upward
In addition:
- Volume over past day has slowly increased - likely accumulation before takeoff
- Decreasing BBW indicating that volatility is reducing and BB Squeeze is likely
- Cyclical increasing patterns of DMI+
Look to accumulate in the bottom half of the channel and ride the gain train.
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