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Monero / Tether USD
Short
Updated

XMR Breaking Down

1 267
XMRUSDT $BINANCE:XMRUSDT

snapshot

Breaking down out of a bearish channel after a major rising wedge breakdown, buy areas below (support)

Because this is a renko chart I'll update manually in the updates
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Bottom of channel held long enough to close a bullish reversal brick, however still stuck in local range
No decisive momentum at this current moment
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Bearish breakdown confirmed on the daily for now
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First buy was hit
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Intra-day local double bottom
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Looks like a local upswing is on the cards before the macro trend likely continues
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Brick printed
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Buy area 1 holding as support for now on daily chart
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Added BTC Pair support region & resistance levels to watch out for
RandomOracle
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Chart PatternsFlagTrend Analysis

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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.
Chart PatternsFlagTrend Analysis
RandomOracle
Also on:

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.