Short
XMRUSD ❕ trading between zones
Monero trades between a resistance zone and a support zone, under liquidity.
On the 1H Timeframe, 50EMA and 200EMA form a "cross of death" pattern.
I expect a fall if the price fixes below the support level. Further movement will depend on price reaction to the support zone.
On the 1H Timeframe, 50EMA and 200EMA form a "cross of death" pattern.
I expect a fall if the price fixes below the support level. Further movement will depend on price reaction to the support zone.
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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.