Monero(XMRUSDT) SL-$212,29 TP-$240
Technical Analysis:
False lows indicate bullish strength
Compression at the upper limit of the range announces an explosion of volatility
Tenkan-Kijun crossover on the daily chart
20-50 EMAs crossover on H4
MACD aligned on the daily chart
Additional Note:
The behavior of Monero is always unusual, but it tends to respect price ranges and compressions. Another detail is that it's the only altcoin to have independence from BTC movements, and it continues to grow despite governmental persecution.
False lows indicate bullish strength
Compression at the upper limit of the range announces an explosion of volatility
Tenkan-Kijun crossover on the daily chart
20-50 EMAs crossover on H4
MACD aligned on the daily chart
Additional Note:
The behavior of Monero is always unusual, but it tends to respect price ranges and compressions. Another detail is that it's the only altcoin to have independence from BTC movements, and it continues to grow despite governmental persecution.
Trade closed manually
I see a possible diamond formation, which could indicate a strong reversal. To get out now is to get out with little profit, but to get out unscathed.
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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.
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.