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Detri_Mantela
Dec 16, 2020 8:16 AM

Monero is too overextended Short

Monero / DollarBitfinex

Description

Touched the upper limit of the yellow channel. Though there still is a posibility to go to the upper resistance of the red channel (about $170). The RSI doesn't look good and the volume reached its peak a couple of days ago and since then started to decline. So it is better to short a little bit here and a little bit there if that happens. The target is around $125-$135 zone. I think XMR is going down either BTC is going up or down.

Trade active

Still looking for the downward movement

Comment

Touched the upper trendline

Comment

Monero just refuses to go down :)
Comments
xxserratededgexx
@ribi, too*
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