Look at the 1D XMR/BTC we can see that the current uptrending asset has met a strong resistance (white dotted line) which is preventing it from breaking cleanly through the resisting Kumo, on the Ichimoku indicator.
CMF is showing increased buying pressure but now the asset has spilled into the overbought region on the RSI.
Bulls will need to drive beyond this resistance and potentially find support on top of it, to refuel before attempting another impulse move.
For now there is speculation that this pump is being orchestrated by an old Silk Road wallet trading out of BTC into XMR. If this is true then it's likely that Monero will P&D back to lower support regions, in the absence of genuine sentiment.
CMF is showing increased buying pressure but now the asset has spilled into the overbought region on the RSI.
Bulls will need to drive beyond this resistance and potentially find support on top of it, to refuel before attempting another impulse move.
For now there is speculation that this pump is being orchestrated by an old Silk Road wallet trading out of BTC into XMR. If this is true then it's likely that Monero will P&D back to lower support regions, in the absence of genuine sentiment.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.