Monero
Short

XMRUSD: Triangle broken. Channel Down emerging. Short.

2 610
Monero has just broken the 1D Triangle pattern (RSI = 46.663 but Highs/Lows = -0.5639, B/BP = -3.4316, STOCH = 26.172) as it hit the Lower High limit on the 1W Falling Wedge (MACD = -24.635, Highs/Lows = 0.0000, B/BP = -14.6106). We expect now the 1D to gradually develop a Channel Down that will get further downside confirmation on 96.192. We thus remain short on the long term on XMRUSD with TP = 75.792, 64.104.

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.