Monero currently in no man's land

Updated

Monero broke back above the old support line, but ran into very strong resitance at the 0,025 level (horizontal line). I would postpone buying till resistance breaks. For now it will move between 0,019/20 en 0,025.. great for traders not so for hodlers

Note

So far so good, Monero behaving as expected, between rising green support and horizontal red resistance. Lets watch the RSI carefully and see if it can reach 'overbought' area again. For now I am not expecting a break of horizontal resistance in the coming days.

Note

Monero took out the 0,025 level with a bang.. longers be carefull for a possible backtest!

Note

Continue in a new idea published today :)

yuri72

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.