📌 Fibonacci Channel - CUP and CANDLE Pattern - Cycles
📍MONERO / USDT is looking so bullish based on its possible cup and candle pattern along with cycles it has made
📍Monero is a privacy coin which is one of favorite of those who value their privacy and anonymity
✍🏼 In daily time frame we have created a very precise triangle which I am going to share in the next comment, with breaking this triangle it could be really a good opportunity to have Monero in our bags :)
✍🏼 RSI is in a great position (near 50) in weekly time frame
TO BE CONTINUED
Note
Triangle in Daily time-frame
Note
THIS IS NOT A FINANCIAL ADVICE
PLEASE MAKE DECISION BASED ON YOUR OWN
I JUST TRY TO SHARE MY IDEAS WITH YOU GUYS
GOOD LUCK
NP TRADER
Note
Double Bottom is to be seen in weekly time frame
Trade active
The price has seen a very long wick to the 140s level
Which can be a good sign of buyer taking positions
Although we have a sharp bearish momentum, I think with larger risks we are able to STILL HODL this privacy coin
We can also see a beautiful bullish flag in addition to the cup and handle itself
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