Monero is slipping [Market Geometry/EW]
Looks like XMRUSDT could be facing the same dilemma as a lot of the other altcoins; although it is proving a bit stronger compared to a numerous amount of other coins; it might not be enough. For a safe short, wait for a close below the white line with breaks in it or a bounce off of the cyan line and through the white line with breaks in it. For a safe long, wait for the price action to close above the cyan line.
Buy: $35.63
Sell: $33.2, $11.6
Stop/Loss: $41.5/$39.8
Timeframe: Approximately 1 week to 2 months
Buy: $35.63
Sell: $33.2, $11.6
Stop/Loss: $41.5/$39.8
Timeframe: Approximately 1 week to 2 months
Trade closed: target reached
Take profit reached.Trade active
Enter yet another short position at the green box marked.Trade active
Uptrend broken
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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.