Jul 15, 2019 --- Altcoins
Weekly Chart
Monero v's Bitcoin is still hovering around the 0.0080 level on red SCMR signals and still bearish candle formations while market structure remains broken and heavy, not great news for the bulls moving forward, and neither are the falling moving averages, multiple levels of strong dynamic resistance overhead, the still lackluster volume indications, or the increasingly bearish Ichimoku Cloud. That said, the upper demand area and LT uptrend line are both helping to provide support above the 0.0074 regional low so until this level breaks the current consolidation will likely continue.
Short term Members ProTrade - No trade idea right now
Medium-term Members ProTrade - We will consider a LONG position on a selloff down to the 0.00xx - 0.00xx area with a stop around 0.00xx and a target of 0.0xx.
Long term Members ProTrade - No trade idea right now
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