In short target 43.40 - in Bullish PennantConsolidation mode in Bullish Pennant. Great for swing trade, but don't miss the breakout train!
MXR
Will Monero respect this Channel?Pattern: Channel Up on 1W.
Signal: Bullish on the 57.000 Support and the Channel's estimated Higher Low.
Target: 77.000 (the 1W Resistance level).
Still strong balance of power between 1D and 1W.Monero remains neutral on the short term, balanced between the 1D Triangle (neutral RSI = 49.559, CCI = -49.0229, Highs/Lows = 0.0000) and the 1W Falling Wedge (MACD = -24.189, B/BP = -13.0206). Technically until either the 143.282 Resistance or the 96.192 Support break, the trend will remain neutral. However we are still more likely to see Lower Lows based on the 1W bearish continuation bias and that is the reason we remain short on XMRUSD with TP = 75.792, 64.104.
