XMR - Monero / BTC Pull back may be on the cards?
7th August 2022
XMR is still going great guns, having stayed above 0.0066 for some time now. She hit a high of 0.0073 and is currently trading at 0.007115
The Ichimoku Cloud is still green head and climbing. The TD count hit a perfected 9 and this new candle was initially red but has turned green.
The TK cross turned positive on the 9th July and is still looking good so it looks like there is still some upside ahead for the time being.
Money flow is still positive and green, and the volume and price oscillator is still showing an overbought status. The pull back zones are at the MA of 0.006144 0.005402 and 0.005164 Lets see what happens.
Saturday 22nd October 2022
Well it appears XMR/BTC may be coming to the end of its run.
There is still big green could ahead, but price has flattened out, but an impressive run, with 9 weeks above the 0.007 satoshi range, despite all the weakness in BTC and other crypto alts.
The Neobutane VZO PZO oscillator has been signalling over bought since July but consecutively in August.
XMR/BTC has been on a tear since the Ichimoku yellow arrow up signal in April, so I feel a pull back could be on the cards.
Why you ask? The CMF has topped out and has flipped red, and heading south sharply.
Where could it go? We have another golden cross of the green 33 day and yellow 147 day MA.
So we may not get a big pull back, but that intersection could be a spot of interest around the 0.006360 and the kinjun line of 0.006227.
Another area of interest is Fibonacci OTE between 0.005962 and 0.005404. The red 88 day MA is smack bang in the middle of it at 0.005704.
Or will there be a black swan?
Happy sailing Privacy Pirates!
Best regards,
Snake Plissken
XMR is still going great guns, having stayed above 0.0066 for some time now. She hit a high of 0.0073 and is currently trading at 0.007115
The Ichimoku Cloud is still green head and climbing. The TD count hit a perfected 9 and this new candle was initially red but has turned green.
The TK cross turned positive on the 9th July and is still looking good so it looks like there is still some upside ahead for the time being.
Money flow is still positive and green, and the volume and price oscillator is still showing an overbought status. The pull back zones are at the MA of 0.006144 0.005402 and 0.005164 Lets see what happens.
Saturday 22nd October 2022
Well it appears XMR/BTC may be coming to the end of its run.
There is still big green could ahead, but price has flattened out, but an impressive run, with 9 weeks above the 0.007 satoshi range, despite all the weakness in BTC and other crypto alts.
The Neobutane VZO PZO oscillator has been signalling over bought since July but consecutively in August.
XMR/BTC has been on a tear since the Ichimoku yellow arrow up signal in April, so I feel a pull back could be on the cards.
Why you ask? The CMF has topped out and has flipped red, and heading south sharply.
Where could it go? We have another golden cross of the green 33 day and yellow 147 day MA.
So we may not get a big pull back, but that intersection could be a spot of interest around the 0.006360 and the kinjun line of 0.006227.
Another area of interest is Fibonacci OTE between 0.005962 and 0.005404. The red 88 day MA is smack bang in the middle of it at 0.005704.
Or will there be a black swan?
Happy sailing Privacy Pirates!
Best regards,
Snake Plissken
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