Short

XMRUSD Burnout Push

Aggiornato

XMRUSD using the lasts of its jet fuel to push $85

Descending volume + ascending triangle = down

1H Stoch making its way to the bottom will probably pull price with it

Nota

1D
Target: 200D EMA @ 70 + 50D EMA&MA @ 67
If it bounces there parabola stays intact for move to $150 (previous ATH)

Nota

See related for main analysis

Nota

Pushed higher with unanticipated force - primarily suspect to the correlation between ethereum which as shown was forming a ascending wedge (not triangle) which it was pushing up out of.

Shown clearer on ehtereum are
A) Hitting horizontal resistance of ascending wedge
B) Break upward
C) Evident consolidation on top of resistancee turned support

FenixCapital

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