Looking at the chart of Monero on the daily timeframe we can see that it’s in an obvious bullish momentum.
Since September, XMR has consistently been rising in price after bottoming out at $86 along the monthly support.
From here, the price gained $130 & $148 as support (both previously TP levels in my most recent XMR read) and has 1st touch rejected off of $165 monthly.
Now it’s got the momentum again to push higher beyond $165 and here are my TP’s for heading long
TP1 🎯 $165.41
TP2 🎯 $174.54
Since September, XMR has consistently been rising in price after bottoming out at $86 along the monthly support.
From here, the price gained $130 & $148 as support (both previously TP levels in my most recent XMR read) and has 1st touch rejected off of $165 monthly.
Now it’s got the momentum again to push higher beyond $165 and here are my TP’s for heading long
TP1 🎯 $165.41
TP2 🎯 $174.54
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.