Blorenz
Long

XMR - Great BTC Rally Play

BITFINEX:XMRUSD   Monero / U.S. Dollar
With the BTC             bullish confirmation almost fully complete, we have been scouting the crypto markets for opportunities that much more upside potential- these are cryptos that got slammed through the floor during the August long weekend sell-off, and are now in great shape to recover to new highs. Mmonero, XMR/USD is one of these plays that we are drooling over.

The technicals are very strong for this chart - we see a similar breakout of downward trend line and push higher to a fibonacci level.

The bulls will have their turn again as sellers who expected that trend line to hold got burnt. we could see this price rally 30% in the next few days, depending how BTC             plays out of course.

We will update as this price action develops.

Have a great trading day everyone.
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