Short
MONERO-USD WEEKLY CHART ON LOG-SCALE
XMR/USD price has been steadily increasing for the last 2 years within an upward parallel channel (on logarithmic scale). It seems to have broken downward from the parallel channel recently, which is a clear warning sign that it has lost its momentum.
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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.