Long
Monero Is A Trader's Paradise - Targeting $175 in 2020
Hi Traders,
Monero is one of the most technically sound charts out there. I love respect these traders give to trendlines, fibbs, moving averages and structure breaks. The symmetry in this chart is a thing of beauty, and I expect it to continue going into the future. I also think Monero is very undervalued relative to bitcoin right now, and the pumps we have recently seen in Dash, Litecoin, Zcash and a few other direct competitors justifies this setup for a monster rally.
We can clearly see a textbook descending wedge pattern, I mean come on..perfect fractal version of the bigger wedge spanning the FY 2018...It really doesn't get much better than this folks.
Hope to see you at the next check point - looking at that major 38.2 for initial take profit. $178 - $200 levels (200% ROI)
Best of luck, hit thumbs up
Monero is one of the most technically sound charts out there. I love respect these traders give to trendlines, fibbs, moving averages and structure breaks. The symmetry in this chart is a thing of beauty, and I expect it to continue going into the future. I also think Monero is very undervalued relative to bitcoin right now, and the pumps we have recently seen in Dash, Litecoin, Zcash and a few other direct competitors justifies this setup for a monster rally.
We can clearly see a textbook descending wedge pattern, I mean come on..perfect fractal version of the bigger wedge spanning the FY 2018...It really doesn't get much better than this folks.
Hope to see you at the next check point - looking at that major 38.2 for initial take profit. $178 - $200 levels (200% ROI)
Best of luck, hit thumbs up
Note
Note
decent look vs. ETH 
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.
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.