Monero is too overextended
Updated
Touched the upper limit of the yellow channel. Though there still is a posibility to go to the upper resistance of the red channel (about $170). The RSI doesn't look good and the volume reached its peak a couple of days ago and since then started to decline. So it is better to short a little bit here and a little bit there if that happens. The target is around $125-$135 zone. I think XMR is going down either BTC is going up or down.
Trade active
Still looking for the downward movementNote
Touched the upper trendlineNote
Monero just refuses to go down :)
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.