MONERO LONG - Price Move to $320$178
There is bearish convergence on the daily charge identified by the RSI,
Price has previously rejected the 61% fibonacci level on a daily time frame, and appears to be finding support on its second attempt at the level
Price is also reinforced by the lower bound of a wedge formation, expecting price to test the upper resistance of the wedge where the TP will be set ($310).
Inverse head and shoulders has also formed on the 4h time frame
Entry: $214
TP: $310
SL: $178
Price has previously rejected the 61% fibonacci level on a daily time frame, and appears to be finding support on its second attempt at the level
Price is also reinforced by the lower bound of a wedge formation, expecting price to test the upper resistance of the wedge where the TP will be set ($310).
Inverse head and shoulders has also formed on the 4h time frame
Entry: $214
TP: $310
SL: $178
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