XMR/BTC Fighting Resistance at 200 EMA

Daily makes push past first major resistance on the daily (Purple).
Attempted push to the upside rejected by the 200-EMA on the first attempt (Black).

Here’s my view short-term:
* Bitcoins recent rally makes the short-term price movement unclear. If there is any pullback in bitcoin , that will obviously affect altcoins.
* Trend is indicating that Monero should make another attempt for the 200-EMA. Timeline unknown due the recent market volatility .

Will wait for a few more daily’s to close before posting the next update. Will be watching Bitcoins movements in the meantime.

Published at Wed, 03 Apr 2019 04:32:00 +0000

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