Monero Needs Attention | Look At These Amazing Big Bullish BATs | Catch XMR Before It Reaches $2000

Monero Needs Attention | Look At These Amazing Big Bullish BATs | Catch XMR Before It Reaches $2000

By moon333 | moon333 | 27 Jan 2021


 

Hey friends, hope you are well, and welcome to the new update Monero.

On Feb 9, 2020, I shared the idea where the price action of XMR formed a big bullish BAT on the monthly chart, now the priceline has started to move to the upside and so far it has produced more than a 120% rally.

 

The previous idea before the rally:

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Click here to visit this old article

 

Previous idea after more than 120% rally:

1.png?token-time=1612935048&token-hash=zL5Iz7ZpqQt6INS0R_ZnGPiNrH8LKjtHn3INp7Gofzk%3D

 

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Pivot support and EMAs:

Now if we take a look at the live monthly chart, then it can be observed that the price action also had pivot 1st support below the potential reversal zone that helped well to the priceline to move up. In this rally, the price action has also crossed up monthly exponential moving averages 10 and 21.

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 Click here to create a free account on tradingview to watch and play the chart in realtime

 

 

 

Long-term support and resistance levels:

On the weekly chart, the different long-term support and resistance levels can be seen. The price action of XMR has broken out the $100 and $140 resistance levels and re-testing the $140 as support. The next resistance levels would be $140, $260, $330, and $450.

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An up-channel formation:

On the same weekly chart, the price action has formed an-up channel and it is re-testing the support of the channel and weekly EMAs 10 and 21 as well.

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Ichimoku cloud:

The price action has already broken out the weekly Ichimoku bearish cloud resistance and now re-testing the conversion and the baseline supports. 

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Another big bullish BAT:

Now if we take a look at the XMR with Bitcoin pair’s 2-month chart, then the Monero has formed another very big bullish BAT and entered in potential reversal zone. This time we again have pivot 1st support beneath the potential reversal zone.

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For exact buy and sell targets for this trade, and other harmonic trading signals you can join:

https://www.patreon.com/moon333

 

 

Conclusion:

The priceline of Monero is re-testing different support levels therefore the re-testing of these supports would be successful then it will be the best buy the dip opportunity.

 

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1.jpg?token-time=1611911849&token-hash=bAi8MCK_rH2PBmJkYfvwNkBSXCCpwR9fIPlZeNZFnmE%3D

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moon333
moon333

Hi, My name is Atif Akbar and I am trading charts author of all kind of assets


moon333
moon333

Hi my name is Atif Akbar and i am trading charts author of different assets like crypto, forex, commodities, CFDs Stocks e.t.c.

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