XMRBTC hitting the support of wedge | A good buying opportunity
Priceline of Monero / Bitcoin cryptocurrency is moving within a falling wedge and hitting the support of wedge and also hitting the bollinger bands support.
Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit.
But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy.
Volume profile of complete wedge is showing less interest of traders below the wedge's support.
I have defined targets using Fibonacci sequence:
Sell between: 0.00721235 to 0.00772725
Regards,
Atif Akbar (moon333)
Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit.
But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy.
Volume profile of complete wedge is showing less interest of traders below the wedge's support.
I have defined targets using Fibonacci sequence:
Sell between: 0.00721235 to 0.00772725
Regards,
Atif Akbar (moon333)
