Monero Weekly (Long-Term)

KRAKEN:XMRBTC   Monero / Bitcoin
Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC).
Let's read the chart.

We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again.

We see a consolidation pattern forming, lower highs and higher lows...
This will lead to a pressure point where a break will occur.

We also have a cup & handle pattern starting around August 2021.
And last week prices closed above EMA50.

The RSI at 56 is really good on the weekly.

Monero is good to buy and hold long-term.
A good place to let some crypto-funds rest.

This is not financial advice.

Thanks a lot for the continued support.


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