Consolidation steady with strong support. Await for break out. for BITFINEX:XMRUSD by InvestingScope

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XMRUSD is consolidating on 4H within a 75.550 - 109.192 Rectangle (Ultimate Oscillator = 49.694). So far the Resisting Lower High trend line (illustrated in blue) contains any upside attempts. We need to wait for a clear break out on this line to go long (TP = 115.494 and 120.927 (0.618 Fibonacci)), or a break of the Rectangle's support to go short (TP = 64.104). Scalping the Rectangle is the option on Monero for day traders.

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