#XMR MONERO #LONG - Bearish Butterfly Pattern - Harmonic Pattern
Updated
#XMR Monero has given point C for a possible Butterfly Pattern (purple) that plays stronger than formed triangle (blue), good for #long. Dropping below 88.6% retracement fib. bookmarked at red will invalidate pattern, so it's a good area to place stop-loss.
After reaching Point D we should see a reversal and the possibility to #short. TP (Take Profit) on the short side would be Point A for a more aggressive approach and Point B for a more conservative one.
After reaching Point D we should see a reversal and the possibility to #short. TP (Take Profit) on the short side would be Point A for a more aggressive approach and Point B for a more conservative one.
Comment
#INVALID
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