Alright, looks like Monero (XMR) has been overbought and a short position would be the most optimal here.
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
We have crossed the support line which supported this current trend, and now the market is looking for the new support level.
Given the current base support line, I think a very reasonable target price would be $230.
Trade cautiously!
Note
At the time of this comment, price is at around $284.Note
Right shoulder formed, looking bullish now!
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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.