XMR USDT recently broke out of a pennant formation (red) and its 100 day moving average (pink line), signalling a strong upward move to new highs.
We currently building support at diagonal support line 2.
If strength continues I think we see XMR range bound between lines 0 and 1, with lines 1 and 2 as support
Watch RSI to see if we can breach above 70. If we do, $30 USDT is well in sight
We currently building support at diagonal support line 2.
If strength continues I think we see XMR range bound between lines 0 and 1, with lines 1 and 2 as support
Watch RSI to see if we can breach above 70. If we do, $30 USDT is well in sight
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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.