Bull flag or Ascending triangle?
Updated
Either way i'm extremely bullish on XMR
Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason.
So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane)
Entry should be around 0.027-8
First target around 0.05
Second target 0.09
Stop loss is at 0.026, because lower than that could mean a retest of 0.019
We are consolidating high with low volume so when the buying volume starts increasing the trade will be confirmed.
Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason.
So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane)
Entry should be around 0.027-8
First target around 0.05
Second target 0.09
Stop loss is at 0.026, because lower than that could mean a retest of 0.019
We are consolidating high with low volume so when the buying volume starts increasing the trade will be confirmed.
Note
Still a buy with good stop loss at this level, approaching decision point s3.amazonaws.com/tradingview/snapshots/4/475auauy.pngTrade active
We have lift offTrade closed: stop reached
Stop has been broken and bullish sentiment has been loss for now, i think bullish sentiment will come back as we approach the monero hard fork that will give free coins s3.amazonaws.com/tradingview/snapshots/u/up09UNpy.png
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