Crypto_Mercy

Monthly EMA ribbon & Daily MA 600 offer resistance to Monero

KRAKEN:XMRUSD   Monero / U.S. Dollar
Here are some details. We are possibly in a Wave 1 for XMR. We are having a possible W formation on the weekly chart.
Short term i see a retracement...

Trap Zone for Fomo fishers : 89.60$ to 103.57$
Buying zone : 74.55$ to 56.77$

1st Target to reach 206.30$ at the 0.382 fib
2nd target to reach 306.81$ 0.618 ... (if o.382 fib confirmed a support on a daily close) (Counter trend rally).
Trade active: Sorry here is the chart with the MA 600 acting like resistance

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