Monero / Bitcoin

XMR - Big head and shoulders on Monero

435
Looking at the 30min chart for Monero, you can see the massive head and shoulders pattern outlined in pink. The price action is currently in a falling wedge on the right shoulder as it hits the neckline which would be its only saving grace. I've indicated some areas of support where the price could see a bounce if the pattern were to complete. There is some support now, so we'll see what happens.

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