Short
XMRBTC Monero BTC pair
My first look at XMRBTC and like it's USD pair it is in trouble. In a longterm descending widening wedge, sitting on a 9 month old support line, having formed a clear Heads and shoulders and was rejected by the ichi cloud and the wedge resistance.
Only redeeming features is that the daily RSI is oversold and there are bullish divergences on the 4H RSI, which can mean a bounce.
Only redeeming features is that the daily RSI is oversold and there are bullish divergences on the 4H RSI, which can mean a bounce.
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Related publications
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.