XMR 45 Minute Review looking at potential bullish bounce
Price action (candles) need to stay above the clouds and the (green) Tenkan-sen needs to stay above the (red) Kijun-sen.
Confirm bounce with RSI.
Confirm bounce with RSI.
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Stronger resistance sitting at $200.
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Bounce confirmed at $90 and got close to the weak resistance.
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Analysis complete.
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As long as price action stays above the cloud the price should stay bullish. Analysis complete.
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