Monero is a great coin and it seems to have formed a double bottom (red lines) and a inverse H&S.
EMA lines are turning bull with 50 crossing over 100 and soon the 200 on 2hr frame.
It should go to the first target before February 17th
Targets
320 Based on the W bottom
350 Based on the H&S
Stop loss 245-240max
EMA lines are turning bull with 50 crossing over 100 and soon the 200 on 2hr frame.
It should go to the first target before February 17th
Targets
320 Based on the W bottom
350 Based on the H&S
Stop loss 245-240max
Trade active
Looks like it's all clear to 320$Trade closed: target reached
1st target reachedTrade closed manually
Things have changed... sentiment has turned bearish it seems, 2nd target has to be delayed now.Note
Still bullish on XMR but i see a range of 290 and 320$ we need to break above 320 to continue the uptrend!
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Related publications
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.