XMR Symmetrical Triangle Pattern

20 set 2017

Watching for a breakout from a Symmetrical Triangle Pattern on the hourly chart, could indicate price movement direction. TD Sequential shows the end of a 1-4 bearish pullback on the 4H chart indicating a buy opportunity, although the daily chart signifies day 2 of bearish downtrend after a recent bearish 9 count. Upper target is above $120 and lower target is $72.

22 set 2017

Nota

Price movement broke out of the bottom signalling bearish movement. So far we have reached half way to the estimated low, with the TDSequential showing day 4 of a possible 9 count which could even take us below $72. Most of the crypto markets seem to be closely following BTC at the moment rather than providing an opportunity to avoid this current volatility.