Monero in a symmetrical triangle
Updated
XMRUSD price is moving in a symmetric triangle, waiting for a breakout. I m looking at this market for a possible entry long or short. Since the daily chart is bearish and the higher level timeframes are bearish as well, I believe that it is more probable to get a break on the downside as a continuation of the trend but the price will tell us anyways.
Comment
Still moving into the triangle, waiting for the breakout. Looking at BTCUSD chart as well since the correlation is very strong.Comment
Finally triangle has broke down. The technicall target of the triangle is around 72$, but I would be happy to take profits on previous support level at 80-83$.
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.