Monero - A Bear Market With Style
Updated
Hi Traders,
If you have seen any of my other publications, you would know that I am super bullish on crypto.
Monero is just another beauty that I cover, which is shaping up nicely as a rounded bottom. The weekly chart has now seen 4 full closes above the 100MA, and re-tests are getting bought up. Also note, that weekly 20 (orange) is curling up aggressively, representing strong support.
In general, the chart is technically sound, which makes trade setups much easier to spot and trust. It also trades nicely vs.
BTC and is poised for a breakout out of descending wedge pattern (see picture below).
Lastly, I believe we are still in very infancy stages of this crypto bull market, and have 2-3 weeks left to prepare. Get your top picks in order! Monero is definitely up there for me.
** Please keep in mind, you must be willing to hold at least 20% downside in order to cozy up comfortably for the next few months. Manage risk accordingly.
Best of luck, hit thumbs up.
If you have seen any of my other publications, you would know that I am super bullish on crypto.
Monero is just another beauty that I cover, which is shaping up nicely as a rounded bottom. The weekly chart has now seen 4 full closes above the 100MA, and re-tests are getting bought up. Also note, that weekly 20 (orange) is curling up aggressively, representing strong support.
In general, the chart is technically sound, which makes trade setups much easier to spot and trust. It also trades nicely vs.
BTC and is poised for a breakout out of descending wedge pattern (see picture below).Lastly, I believe we are still in very infancy stages of this crypto bull market, and have 2-3 weeks left to prepare. Get your top picks in order! Monero is definitely up there for me.
** Please keep in mind, you must be willing to hold at least 20% downside in order to cozy up comfortably for the next few months. Manage risk accordingly.
Best of luck, hit thumbs up.
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