Monero is nearing the apex of this contracting triangle, I'm leaning more towards a bullish outcome, maybe 60% bullish, 40% bearish.
If XMR break up, then we should be hitting a new ATH, with a potential target of 0.042 BTC.
If XMR breaks down sharply, then it's a possibility that the cycle might be over. This would be a great shorting opportunity! All the way down to a potential bottom of around 0.012 BTC.
This is not trading advice. I would love to know what you think, please leave a comment below with your thoughts!
If XMR break up, then we should be hitting a new ATH, with a potential target of 0.042 BTC.
If XMR breaks down sharply, then it's a possibility that the cycle might be over. This would be a great shorting opportunity! All the way down to a potential bottom of around 0.012 BTC.
This is not trading advice. I would love to know what you think, please leave a comment below with your thoughts!
Comment:
XMR Broke above resistance, probability did its thing.
