XMR/BTC Fighting Resistance at 200 EMA
Daily makes push past first major resistance on the daily (Purple).
Attempted push to the upside rejected by the 200-EMA on the first attempt (Black).
Here's my view short-term:
* Bitcoins recent rally makes the short-term price movement unclear. If there is any pullback in Bitcoin, that will obviously affect altcoins.
* Trend is indicating that Monero should make another attempt for the 200-EMA. Timeline unknown due the recent market volatility.
Will wait for a few more daily's to close before posting the next update. Will be watching Bitcoins movements in the meantime.
Attempted push to the upside rejected by the 200-EMA on the first attempt (Black).
Here's my view short-term:
* Bitcoins recent rally makes the short-term price movement unclear. If there is any pullback in Bitcoin, that will obviously affect altcoins.
* Trend is indicating that Monero should make another attempt for the 200-EMA. Timeline unknown due the recent market volatility.
Will wait for a few more daily's to close before posting the next update. Will be watching Bitcoins movements in the meantime.
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