As XMR/USD has seen significant resistance at it's old high of $155, I see a possible cup and handle formation on XMR/USD if it breaks out of the ascending wedge. However we could also have the typical ascending wedge breakout scenario, and possibly revisit the $95-85 area. I won't hold my breath though, and will be looking to buy at $108.25-$98 (fibonacci retracement level 0.5 / 0.382).
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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.