XMRUSDT backtesting triangle breakout
XMRUSDT is currently backtesting a breakout of the triangle pattern. If the previous sellwall now acts as support, the price targets are found at the .718, .886 Fibonacci retrace. After these levels, the next target is the previous high which lies at the same price level as the measured move of the triangle. The daily chart is confirming a strong class A hidden bullish divergence today, so there is a good chance that more upside is seen.
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Thank you for checking my idea! Please check out my daily crypto analyses as well, on onepip.io
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