Monero is nearing the apex of this contracting triangle, I'm leaning more towards a bullish outcome, maybe 60% bullish, 40% bearish.
If XMR break up, then we should be hitting a new ATH, with a potential target of 0.042 BTC.
If XMR breaks down sharply, then it's a possibility that the cycle might be over. This would be a great shorting opportunity! All the way down to a potential bottom of around 0.012 BTC.
This is not trading advice. I would love to know what you think, please leave a comment below with your thoughts!
If XMR break up, then we should be hitting a new ATH, with a potential target of 0.042 BTC.
If XMR breaks down sharply, then it's a possibility that the cycle might be over. This would be a great shorting opportunity! All the way down to a potential bottom of around 0.012 BTC.
This is not trading advice. I would love to know what you think, please leave a comment below with your thoughts!
Note
XMR Broke above resistance, probability did its thing.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.