XMRBNB Neutral with Short Bias
1. XMR/BNB 4-hour chart.
- A descending triangle has formed. Not a good sign. Bearish sign.
- But on RSI, we are seeing higher low. Good sign.
2. XMR/USD 4-hour.
- A descending triangle has formed. Not a good sign. Bearish sign.
- But considering we are in bull market, this descending triangle has less impact.
3. Historically XMR/BNB has strong support at 3.2. If that doesn't hold, the next support is 2.8 (-12.5%)
IMO,
- the near future outlook for XMR/USD isn't bad.
- Just that the likely hood of BNB overpacing XMR is higher.
- A descending triangle has formed. Not a good sign. Bearish sign.
- But on RSI, we are seeing higher low. Good sign.
2. XMR/USD 4-hour.
- A descending triangle has formed. Not a good sign. Bearish sign.
- But considering we are in bull market, this descending triangle has less impact.
3. Historically XMR/BNB has strong support at 3.2. If that doesn't hold, the next support is 2.8 (-12.5%)
IMO,
- the near future outlook for XMR/USD isn't bad.
- Just that the likely hood of BNB overpacing XMR is higher.
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