XMRBTC - Monero potential bullish cypher pattern
Updated
Potential bullish cypher pattern on the daily chart shows a long entry around 0.011217777. Pattern completion coincides with a retest of broken resistance.
Trade active
Looks like a compelling place for a Monero long to me.Note
Buying Monero again hereNote
Weekly chart trendlineNote
Bullish 4-hour candleNote
Weekly chart also shows a beautiful 0.618 retracement completeNote
Monero having a go at another resistance level. A break & close above should mean another buying opportunity on the pullback/retest. A breakout of the triangle could be a big deal. Waiting patiently Note
I was focused on NFP and the BTC ETF decision on Friday and missed the prime buying opportunity on Monero at support. Now that it's broken out of the triangle I'm watching for a pullback to the trendline/support to buy again. Looks to me like the next big target is 0.014Note
Breaking above, but still respecting the original structure on the 4-hour chart. Price is not random.
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