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Long
Updated

Possible Pennant Building In Monero

230
Possible pennant setup in Monero-USDT. Stoch oversold. RSI fairly strong, allowing for growth, waiting for volume, and price to go above the cloud. Would probably need to hit the trigger line before any real action takes place.
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Breakout happened like clockwork. Waiting for confirmation with a close above the falling pennant line on the 1D. Expecting the price to flirt with the trigger line for a few days, and then if there's volume she might break through and rocket towards 280 or so.
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Super interesting long term perspective.
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Breakout confirmed, and travelling nicely upwards!
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Everything is having a bit of a pullback right now due to BTC. Monero could retest the trigger line for support.
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Target 1 @300 USD reached. Aiming for 500 now.
Brisben
Chart PatternscryptoCryptocurrencymoneroTrend AnalysisxmrXMRUSDT

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Chart PatternscryptoCryptocurrencymoneroTrend AnalysisxmrXMRUSDT
Brisben

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.